Move over Pandora! Make room for iTunes Radio.

With 120 million people listening to Internet radio, the playing field is highly competitive.

With 120 million people listening to Internet radio, the playing field is highly competitive.

On June 10, Apple confirmed rumors that they will be entering into the world of Internet radio. iTunes Radio is expected to launch in fall of 2013 when Apple releases its iOS7 upgrade to its mobile devices. With 120 million people listening to Internet radio, the playing field is highly competitive, occupied by several providers including Pandora, Spotify, I Heart Radio and Slacker Radio.

Pandora dominates the market with 77%* of online radio listening. Pandora is a streaming music service, based on the Music Genome Project, with access to 800,000 tracks. Trained analysts use up to 450 distinct musical characteristics to identify qualities of each song that are relevant to listeners’ musical preferences. Pandora offers two types of listening: free, which is supplemented by display and audio ads, and subscription listening, which allows for advertising free listening and a higher-quality music stream.Read full post...