Pandora CEO thinks Apple Music will have no negative impact

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Pandora's not worried about Apple Music.
Photo: Pandora

You couldn’t blame the folks behind non-Apple streaming music services being worried when Apple Music was announced — but according to Pandora CEO Brian McAndrews, there was nothing to worry about.

Pandora’s Q2 revenue came in better than expected at $285.6 million, largely thanks to solid growth on the advertising side, which increased 30 percent year-over-year.

Hit list: All the apps and services Apple tried to kill at WWDC 2015

Tim Cook WWDC 2015
Apple's had some bold words for its competitors today.
Photo: Evan Killham/Cult of Mac

Once again, Apple has shown its desire to be your go-to for everything you do in your life.

During its Worldwide Developers Conference keynote this morning, the iPhone maker talked up software updates, services and new functionalities aimed at making several of its competitors’ offerings redundant.

Here are the things Apple’s trying to take out with new stuff at WWDC 2015.

There’s no money for Apple in music streaming, but that’s OK

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Apple has big ambitions for its new music streaming service.
Will Beats redesign be ready for WWDC? Photo: Jim Merithew/Cult of Mac
Photo: Jim Merithew/Cult of Mac

The redesign and relaunch of Beats Music is one of the most anticipated announcements Apple fans are expecting to hear about next week at WWDC. Apple spent $3 billion on Beats in an effort to take on the likes of Spotify and Pandora, but according to Piper Jaffray analyst Gene Munster, all that effort won’t make Apple a ton of money.

Beats currently has about 300,000 paid subscribers while Spotify has 15 million. According to Munster’s math, even if Apple matched Spotify’s subscriber base the profits will be weak.

Apple will kill free music with Beats revamp

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Apple has big ambitions for its new music streaming service.
Beats redesign is coming to WWDC 2015. Photo: Jim Merithew/Cult of Mac
Photo: Jim Merithew/Cult of Mac

Apple will supposedly unveil a big redesign of Beats Music in June, but if you are hoping it will come with a free, ad-supported tier, you’re going to be out of luck.

Apple wants to help music labels kill free music streaming by inking deals that will give subscribers exclusive access to albums before they hit rival players like Spotify, Rdio and Pandora.