Wall Street was not kind to Pandora this week after the music streamer announced its third straight quarterly loss and a second straight quarter of falling active listenership. Turnaround hopes center on the launch of an on demand music streaming service.
The iPod turns 15 years old this week. First announced on October 23, 2001, the device and later it's closed link to Apple's iTunes download store changed the music industry forever. But at first, the iPod was not a hit. Few were willing to throw down $400 for a 5GB music player that could hold 1000 songs.
While major labels once held the majority of power within the music industry, able to pick and choose which artists they would buoy on to success, the tables seem to have shifted, with streaming services like Spotify now acting as the primary gatekeepers between artists and the potential consumers of their music.
Delivering the best personalized music experience is the subject of much effort and hand wringing in the conference rooms of every music streamer. And how each service uses artificial intelligence, machine learning, and human curation may determine their fate, as well as, what music consumers are exposed to.