On Tuesday, Shares of Pandora Media Inc (NYSE:P), gained 2.94% to $21.01.
Pandora Media declared that it has generated more than $1.5 billion in all-time royalties for music makers, marking a major milestone for ad-supported music streaming. Pandora holds an important leadership role in the music industry, with nearly 80 million active monthly users tuning in to its service for more than 20 hours every month on average.
“We are very passionate about our mission to assist artists find their audience and assist listeners find their music – music they love, that moves them, that they personally connect with – and we are achieving noteworthy momentum,” said Brian McAndrews, chairman and CEO of Pandora. “It took us nearly nine years to generate the first billion dollars in royalties, and just over a year to improvement that total by 50 percent. We are partnering with music makers to fully tap into Pandora’s people, data and technology to unleash the music industry’s full potential. I am proud of our enormous royalty contributions, and our progress on building on a broader vision for the future of music.”
Pandora achieved this milestone due to joint revenue streams flowing from ad-supported and paying subscribers. The combined income from both sources enabled Pandora to monetize its advertising for the benefit of music makers, while additionally drawing monthly payments from listeners who prefer an ad-free experience. This ability to drive royalties to artists from subscription in addition to formerly untapped advertising revenue streams is integral to Pandora’s mission to unleash the power of music and foster growth for the music industry.
Pandora Media, Inc. (Pandora) is a provider of Internet radio services. The Company offers personalized experience for each of its listeners wherever and whenever they want to listen to radio on a range of smartphones, tablets, computers and car audio systems, in addition to a range of other Internet-connected devices. In addition, Pandora offers local and national advertisers to provide targeted messages to its listeners using a combination of audio, display and video advertisements. The Company has operations in the United States, Australia and New Zealand.
Shares of Teck Resources Ltd (USA) (NYSE:TCK), inclined 6.08% to $4.71, during its last trading session.
Teck Resources will release its third quarter 2015 earnings results on Thursday, October 22, 2015 before market open.
The company will hold an investor conference call to discuss the third quarter 2015 earnings results at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Thursday, October 22, 2015. The conference call dial-in is 416.340.2216 or toll free 866.225.0198, no pass code required. Media are invited to attend on a listen-only basis.
Teck Resources Limited is engaged in the business of exploring, acquiring, developing and producing natural resources. The Company is focused on steelmaking coal, copper, zinc and energy. The Company exports seaborne steelmaking coal and produces mined zinc. The Company also produces lead, molybdenum, silver, and various specialty and other metals, chemicals and fertilizers.
Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD), inclined 0.60% to $1.67, during its last trading session.
Advanced Micro Devices introduced its most powerful line of AMD PRO A-Series mobile and desktop processors (formerly codenamed “Carrizo PRO” and “Godavari PRO”) to deliver exceptional value and performance for today’s challenging workloads. The new line of AMD PRO A-Series processors offer improved performance, reliability and opportunity to business users and IT decision makers and are designed for the future with Microsoft® Windows® 10. With its AMD PRO mobile processors, AMD powers some of the first-to-market Windows® 10-enabled commercial notebook systems for those looking to upgrade.
“The innovative architecture of new AMD PRO processors delivers compelling performance to stay ahead of the evolving demands of business recently,” said Jim Anderson, senior vice president and general manager, computing and graphics, AMD. “Going PRO with AMD means unmatched dependability with platform stability, processor longevity and an opportunity for richer system configurations. AMD gives its customers choice and affordability to meet specific business needs, without compromising the ability to manage and maintain a secure, stable, and reliable environment.”
For small and medium businesses without implemented administration tools, AMD is introducing the AMD PRO Control Center, a one stop shop for intuitive system configuration. The new AMD PRO Control Center enables small and medium businesses to quickly and easily manage the power of AMD systems in the workplace. It comprises key features, such as an AMD Energy Saver, PC Health Center, USB Blocker and Wireless Display.
Advanced Micro Devices, Inc. is a global semiconductor company with facilities across the world. The Company offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors, dense servers, semi-custom System-on-Chip (SoC) products and technology for game consoles.
Finally, Brookdale Senior Living, Inc. (NYSE:BKD), ended its last trade with -0.63% loss, and closed at $22.10.
Brookdale Senior Living declared that its Board of Directors has designated Daniel A. Decker as a Class I director and as the Non-Executive Chairman of the Board, effective October 1, 2015. Mr. Decker will fill the vacancy on the Board resulting from the recent passing of Granger Cobb.
Mr. Decker has been investing in the senior living industry for more than 20 years. During that period, he has been involved in the investment, through one private and four public companies, of about $2.5 billion of assets across a spectrum of independent living, assisted living, memory care, and skilled nursing communities and operations. His recent investments comprise joining with KKR and Beecken Petty O’Keefe & Company to acquire the operations of Sunrise Senior Living in 2013. During his career, Mr. Decker has served on the boards of several REITs and senior housing companies, counting Omega Healthcare Investors, Inc. (where he served as Executive Chairman and then as Chairman of the Board), Sentio Healthcare Properties, Inc., Health Care REIT, Inc. and Forum Group, Inc.
“Dan is a wonderful addition to the Board, and we are excited to welcome him to lead our Board and to advise and counsel Brookdale’s administration team as we continue to refine and execute our strategy to create shareholder value,” said Jeffrey R. Leeds, Non-Executive Chairman of the Board of Directors of Brookdale. “Dan is a demonstrated leader and has been a successful investor in the senior housing industry for many years. We look forward to benefiting from his noteworthy industry experience and insight.”
Mr. Decker will succeed Mr. Leeds as Non-Executive Chairman of the Board. Mr. Leeds has served in such role since 2012 and will continue to serve as an independent director. “Jeff has been a vital member of the Board for nearly a decade, and as Chairman for the past three years has been a thoughtful and cohesive leader,” said T. Andrew Smith, Brookdale’s CEO. “On behalf of the Board, I thank Jeff for his many contributions, and we certainly look forward to his continued service and influence on the Board.”
Brookdale Senior Living Inc. operates senior living communities in the United States. The Company operates independent, assisted living and dementia-care communities, and ongoing care retirement centers (CCRCs). The Company has five operating segments: Retirement Centers; Assisted Living; CCRCs – Rental; Brookdale Ancillary Services, and Administration Services.
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