TIDMBGO

RNS Number : 3303T

Bango PLC

03 July 2018

3 July 2018

BANGO PLC

("Bango")

Bango partners with music streaming service Pandora

Delivering Pandora subscriptions to customers in the USA

Cambridge UK, 3 July 2018 - Bango (AIM: BGO), the mobile commerce company, has partnered with Pandora (NYSE: P), the largest music streaming service in the U.S., to power subscriptions through Pandora reseller partners. This service is initially available on a U.S.-based wireless network provider, enabling Pandora to grow the subscriber base for their leading music service.

Eligible customers can select a bundled subscription to Pandora Premium to add to their plan. AT&T customers are the first to receive this offer. With Pandora Premium, users can search and play any song or album, with unlimited skips / replays, no ads, higher quality audio, offline listening, the ability to create playlists, and access to Pandora's newly launched Personalized Soundtracks.

The past few years have seen a huge change in how people get their entertainment, with a dramatic shift toward online streaming services to access the latest entertainment. The paid subscription model has supported the growth in these services. According to the Recording Industry Association of America (RIAA), the majority of the 16.5% rise in music revenue in the U.S. in 2017 is due to music streaming services.

"Driving subscriber growth is a key focus area for us this year," said Dave Geary, VP of Business Development, Pandora. "We're excited to partner with Bango to enable listeners' seamless sign-up to Pandora's subscription music services through Bango's network of telco and other billing partners."

"Bango is excited that Pandora has chosen to use the Bango Platform to broaden their reach through partnership with resellers." commented Bango CEO Ray Anderson. "We look forward to building on this initial launch to enable Pandora to grow new subscribers in the era of streaming services."

ENDS

Contact Details:

 
Bango PLC              FTI Consulting         Cenkos Securities 
                                               PLC 
Tel. +44 333 077 0247  Tel. +44 203 727 1000  Tel. +44 131 220 
                                               6939 
www.bango.com          Rob Mindell            Beth McKiernan 
Ray Anderson, CEO      Matt Dixon             Neil McDonald 
Rachel Elias-Jones, 
 CFO 
Anil Malhotra, CMO

About Bango

Bango is the payment platform chosen by the world's most influential companies to grow their sales faster in the new age of connected commerce. Working with global stores including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT). Bango has become the industry standard, helping people make payments quickly and conveniently. Through its partnerships and reach, Bango offers unique insights derived from pooled data and shared knowledge. Bango gives businesses unrivalled visibility into their markets and customers, increasing sales and customer acquisition. Built to scale, the Bango Platform supports the exponential growth ambitions of its global partners. For more information, visit www.bango.com.

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July 03, 2018 02:00 ET (06:00 GMT)

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