Pandora Plus (NYSE:P) is an upgraded version of the company’s current Pandora One offering.
Here are five things to know about it:
- The pay-for service will cost you the same as Pandora One, setting you back $4.99 per month.
- Pandora Plus allows you to get rid of ads, as well as offering you the option of skipping tracks at any station as much as you want.
- It also gives you the option of replaying a song again and again.
- Perhaps the most exciting feature of the music streaming service is its “offline mode,” which continues playing music even when you lose Internet service. The functionality is quite smart, examining the last three stations you listened to and picking one based on your recent song choices. Additionally, it looks at your favorites when looking at what station to link with.
- The service will be available for both Android and iOS.
The company is working on a service that is even stronger, costing $10 a month. The details of this Pandora product have yet to be announced, but it slated for a late 2016 release.
Ahead of the company’s announcement regarding its expanded products, a Japanese firm upgraded P stock from a “Neutral” to a “Buy,” raising its price target.
In other music streaming news, Samsung Electronics Co Ltd (OTCMKTS:SSNLF) announced that it will be ridding itself of Milk Music on Sept. 22, a service that had a decent following but failed to offer serious competition to other services.
P stock is up 0.5% Thursday.
