AccuRadio is one of the world’s leading brands of personalizable online radio, offering over 1,000 channels of rock, pop, classical, jazz, R&B, country, world music, Broadway, and more.
AccuRadio is unique among major brands of online radio in that it targets an upscale, educated, at-work, P35-64 demographic.
AccuRadio was an early entrant in the field of personalizable online radio, preceding the entrance of Pandora and I Heart Radio into the space by several years, and is an industry leader in many measures of customer satisfaction and loyalty.
AccuRadio is a two-time winner of the Webby Awards’ “People’s Voice” award for Best Radio. It is one of what is believed to be a very small number of profitably-operating online radio brands.
Dr. Soon-Shiong is a surgeon, scientist and entrepreneur who has built two multi-billion-dollar biotechnology firms and is currently the CEO of NantWorks, a family of companies dedicated to providing knowledge for all through the convergence of science, infrastructure and mobility to improve how we live, work and play.
“We see a great opportunity in accelerating AccuRadio’s leadership position by enabling new means of engagement among music-lovers through the AccuRadio platform,” Soon-Shiong said.
Hanson noted, “We’re extremely excited to work with Patrick, who is one of world’s brightest and most forward-thinking entrepreneurs.”
“We’re also delighted to finally be able to bring PR and marketing support to our product,” Hanson said. “AccuRadio has industry-leading measures of customer satisfaction, including Average Time Spent Listening in Webcast Metrics and its iOS and Android app user ratings, and with the help of this funding, we believe we can really take the brand to the next level.”
AccuRadio’s funding round comes on the heels of Google’s recent $39 million purchase of Songza and Apple’s recent $3 billion purchase of Beats Music.
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