Pandora Radio Announces Big News At GRAMMY Social Media Rock Stars Summit

The Grammy Awards will be held this Sunday, February 13th, 2011. The week before is a long list of events building up to the Grammy’s, including a Social Media Rock Stars Summit. This years’s summit has been hosted by musicians Adam Lambert and Houston’s Chamillionaire who are no strangers to social media such as Twitter, Foursquare and Pandora Radio.

During the 90-minute pre-show panel, which was streamed live on Friday afternoon some big announcements were made, especially by Pandora. Joining Adam and Cham the rest of the panel was Facebook Director of Platform Product Marketing Ethan Beard; Foursquare Co-Founder Naveen Selvadurai; and Pandora Founder & Chief Strategy Officer Tim Westergren. The panel was moderated by veteran broadcast music journalist John Norris.

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Pandora, the internet personalized radio service, announced plans to go public and raise $100 million in an initial public offering. That was the real news from the event. Now numbering 80 million listeners, Pandora’s audience has grown large enough to let the company think about how it can impact an artist’s career, said Westergren. In other words, we ain’t seen nothin’ yet.

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Head here for Rom Stars summit Press Release.