Pandora stock drops as Apple Music is announced

June 8, 2015 10:20 PM

58 0

As Apple (AAPL) unveiled its new streaming service — Apple Music– at the World Wide Developers Conference Monday, Pandora’s stock dropped almost 4%.

The widely-anticipated service is expected to rival industry leaders such as Pandora (P) and Spotify. Apple Music will offer radio stations programmed by DJs, as well as a mix of free music and paid on-demand listening. This service will also offer a feature called Connect, which will allow artists ...

Also read: Music Industry Recovery Continues, Powered by a Surge in Subscriptions

Read more

To category page

Loading...