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Pandora Acquires TicketFly for $450M

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21–30 of 95 posts

Re: Pandora Acquires TicketFly for $450M

#21

> The Pandora app is the single most-used mobile app in the world Can this possibly be true? More used than Apple/Google/Spotify music apps maybe, but Facebook? Google search seems hard to believe too? I mean 80m users, "many on their phone" when Facebook have put up 1b users in the same day and I'm pretty sure surpassed 50%+ mobile usage?

> but Facebook

People listen to music for hours each day, even while working. They aren't using Facebook like that.

Re: Pandora Acquires TicketFly for $450M

#22
post #13

If they can destroy Ticketmaster I'll be happy. Edit: And StubHub for that matter.

I find it amazing that nobody can seem to outcompete Ticketmaster. It can't really take $15 per ticket to serve up 5 webpages. Are the costs of entry really that high? It doesn't seem like selling tickets should be that hard. How can a simple middleman maintain such a massive profit margin for so long?

[deleted]

Re: Pandora Acquires TicketFly for $450M

#23
post #9

> The Pandora app is the single most-used mobile app in the world Can this possibly be true? More used than Apple/Google/Spotify music apps maybe, but Facebook? Google search seems hard to believe too? I mean 80m users, "many on their phone" when Facebook have put up 1b users in the same day and I'm pretty sure surpassed 50%+ mobile usage?

They are pretty up there, but no, not the top, which is Facebook as you would expect. http://qz.com/481245/these-are-the-25-most-popular-2015-mobi...

That's a list of most popular, not most used.

Re: Pandora Acquires TicketFly for $450M

#24
post #13

If they can destroy Ticketmaster I'll be happy. Edit: And StubHub for that matter.

I find it amazing that nobody can seem to outcompete Ticketmaster. It can't really take $15 per ticket to serve up 5 webpages. Are the costs of entry really that high? It doesn't seem like selling tickets should be that hard. How can a simple middleman maintain such a massive profit margin for so long?

> * How can a simple middleman maintain such a massive profit margin for so long?*

They merged with a large owner of venues (LiveNation), so they own the venues as well

Re: Pandora Acquires TicketFly for $450M

#26

Seems odd that ticketmaster would not have have been willing to purchase them for more than that (unless of course ticketfly didn't want to go that route, and was leaving money on the table).

The founders sold their previous company to Ticketmaster. From http://techcrunch.com/2011/04/19/ticketmaster-rival-ticketfl...:

>

Re: Pandora Acquires TicketFly for $450M

#27
post #13

If they can destroy Ticketmaster I'll be happy. Edit: And StubHub for that matter.

I find it amazing that nobody can seem to outcompete Ticketmaster. It can't really take $15 per ticket to serve up 5 webpages. Are the costs of entry really that high? It doesn't seem like selling tickets should be that hard. How can a simple middleman maintain such a massive profit margin for so long?

[deleted]

Re: Pandora Acquires TicketFly for $450M

#28
post #13

If they can destroy Ticketmaster I'll be happy. Edit: And StubHub for that matter.

I find it amazing that nobody can seem to outcompete Ticketmaster. It can't really take $15 per ticket to serve up 5 webpages. Are the costs of entry really that high? It doesn't seem like selling tickets should be that hard. How can a simple middleman maintain such a massive profit margin for so long?

Ticketmaster interfaces with a large number of absorbed Ticketing services and inventory that they've acquired over the years. Sure selling tickets shouldn't be hard, but try doing it with the number of legacy systems ticketmaster has to work with... especially considering they have so many. Sure they could rewrite a single system, but they have plenty of teams and applications that interface with specific services that they'd not only have to rebuild the system, but make it compatible with the hundreds of stakeholder's applications (ranging from Sports, Theatre, concerts..).

Re: Pandora Acquires TicketFly for $450M

#30
post #21

> The Pandora app is the single most-used mobile app in the world Can this possibly be true? More used than Apple/Google/Spotify music apps maybe, but Facebook? Google search seems hard to believe too? I mean 80m users, "many on their phone" when Facebook have put up 1b users in the same day and I'm pretty sure surpassed 50%+ mobile usage?

> but Facebook People listen to music for hours each day, even while working. They aren't using Facebook like that.

I also left Spotify streaming on my work computer when I left this evening. My average Spotify usage is probably 23 hours a day.
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