Pandora Leads Streaming Services
Graph by Statista.
Pandora is the most used music streaming service in the U.S., according to Edison who polled Americans age 12 and up for its 2014 audio report, The Infinite Dial. It found that 31 percent of responders had listened to Pandora in the past month.
Coming in second on the list was iHeartRadio, which was listened to by nine percent of those polled. iTunes Radio was a close third with eight percent, followed by Spotify, Google Play, Rhapsody, Slacker and TuneIn Radio.
Pandora’s share of total U.S. radio listening in February 2014 was 8.91 percent, an increase from 8.25 percent at the same time last year. The company had 75.3 million active listeners, increase of 11 percent from the same time period last year.
Beats Music, which launched in January, is too new to be included in the chart above.
As streaming grows in popularity, Apple is pressuring labels for iTunes store exclusives.
In more streaming service news…
On-demand service Spotify has obtained a $200 million credit facility in anticipation of a speculated IPO. The company also announced the acquisition of The Echo Nest. Spotify has over 6 million paying subscribers and over 24 million active users.
Beats Music has raised about $60 million in funding from current investors Jimmy Iovine, Dr. Dre and Access Industries, reports Billboard. The company is in the process of acquiring TopSpin Media.
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