Report: Pandora caps off pretty good week with $35M in funding

Widely popular Internet radio service Pandora just raised another $35 million in venture funding, according to a report in peHUB .

This comes after some other good news for Oakland, Calif. startup earlier this week – a royalty deal between Internet radio companies and the record industry, which Pandora Chief Technology Officer Tom Conrad described as finally putting the service “on safe ground.” (Others were less optimistic about the impact on smaller web broadcasters.) Of course, if peHUB is correct, then Pandora must have raised the money before the agreement, meaning that the backers were either confident that a deal would be reached, or that the company would figure out a business model regardless.

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  With its potential troubles behind it, having reached a deal to stream music while staying afloat financially, it looks like Pandora is getting flush with cash. The Internet streaming radio service has raised a new $35 million round of funding…
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  All is not perfect in Internet radio land, despite earlier sighs of relief.
  Pandora may have done good by securing a long-term royalty agreement for itself and other large-scale Web radio services…
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  A company that was sued by Facebook last December is trying to turn the tables. Brazilian-based Power.com, a social net identity aggregator, claims to be defending users’ rights to transfer their data to third parties, the company told paidContent…

• Confirmed: Pandora Raises A Huge Round, Post Streaming Rate Agreement
• Pandora Raises $35 Million After Near-Death Experience
• Hold on, Pandora didn’t save all Internet radio
• Social Net Identity Service Power.com Countersues Facebook
• Pandora resolves royalty dispute; policy changes coming
• Pandora Caps Free Streaming at 40 Hours per Month
• Pandora: “Royalty Crisis Is Over” for Internet Radio Companies
• Internet radio reaches deal with record industry, Pandora saved
• Music Labels Reach Royalty Deal With Online Stations
• Pandora (And Other Internet Radio) Has Officially Been Saved

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