Online radio company TuneIn has raised $50 million in new capital to pay for original programming including podcasts and music shows, as well as pay for rights to broadcast live sporting events, says Bloomberg. Lead investors in this funding round were venture capital firms Comcast Ventures, IVP (Institutional Venture Partners) and Marker LLC. Additional investors include Causeway Media Partners, Expanding Capital, General Catalyst and Sequoia Capital, according to Crunchbase. To date, TuneIn has raised a total of $140 million.

TuneIn uses a freemium model, attracting listeners to listen to sports, music, news, podcasts and audiobooks. Free users get access to 100,000 radio stations and 5.7 million podcasts. Premium subscribers also get commercial-free music, unlimited audiobooks and NFL, MLB and NBA games for $9.99 a month. Bloomberg reports that two-thirds of TuneIn’s users come from outside the United States.

According to the Bloomberg article, TuneIn needs more subscribers to its premium service to cover pricy licensing deals and the cost to acquire or produce original content. Rather than paying royalties for music like Pandora and Spotify, TuneIn pays a set fee for rights to programs, so their costs for that content are fixed.

‘The paid consumption will grow quickly and those dollars will get invested right back into content,’ said CEO John Donham in an interview.

Streaming music platform SoundCloud, who cut 41 percent of its staff in July, was also in the news this week with the announcement that it has completed “the largest financing round in the history of SoundCloud.” While SoundCloud did not specify the amount raised in this round of funding, Billboard said the investment was $169.5 million, and the round was led by The Raine Group and Temasek.

‘This financing means SoundCloud remains strong and independent,’ said Alexander Ljung, founder and chairman of SoundCloud, in a blog post. ‘As I said, SoundCloud is here to stay.’

But wait there’s more. Ljung is leaving his position as CEO as Kerry Trainor from Vimeo steps into the role. Mike Weissman, also from Vimeo, will be joining SoundCloud as well, serving as their chief operating officer.

‘Wait, CEO? Am I leaving? No, absolutely not,’ wrote Ljung. ‘After a decade of balancing the roles of founder, CEO and chairman, I’m excited to hand the CEO reins over to Kerry to allow me to fully focus on the role of the chairman and the long-term. This, I know, sets us up as an even greater team for the decade(s) to come.’

Struggling internet radio station and streaming music provider Pandora Media also had a big announcement this week. It has a new CEO and president – Roger Lynch, chief of Sling TV – effective September 18. Lynch will replace Naveen Chopra, who has been serving as interim CEO, after co-founder Tim Westergren left Pandora in June. Chopra will continue as the company’s chief financial officer. Michael Lynton, chairman of Snap, Inc., has joined Pandora’s board of directors, Pandora said in the announcement.

Pandora’s board chairman Roger Faxon commented on Lynch.

‘After a thorough and thoughtful search process, we are thrilled to have Roger join us as CEO and a member of our board. Roger brings a stellar leadership reputation, a wealth of consumer experience, and a lifelong passion for music to Pandora – all of which are critical ingredients in the continued evolution of our company,’ said Faxon.

‘We are absolutely confident that Roger is the right leader for Pandora who can create value for shareholders by marrying Pandora’s numerous assets with the opportunities ahead. As I have said before, with ‘digital radio’ at the core of our business, and both ‘Plus’ and ‘Premium’ as new, integral parts of our arsenal, Pandora is now in an ideal position to leverage changing consumer behaviors to further expand and monetize our listening audience. We are very excited to welcome Roger as our CEO as we embark on our next chapter with renewed focus, a strong balance sheet, a strategic partnership with SiriusXM, and an incredible team of loyal and creative employees,’ Faxon added.

Insider Take:

All of these moves are positive for the companies involved. TuneIn can use the additional investment to expand its programming that will help them acquire and retain new premium subscribers. SoundCloud was desperately in need of changes to stay in business. Hopefully, the infusion of cash and a leadership change will help them get back on sound footing.

Pandora needed a change too. As we reported last week, Pandora’s growth in the second quarter was positive, but the company also sustained a $275 million loss. We’re not sure how a new CEO can come in and turn that around. Pandora will need the cash from SiriusXM to keep it afloat until Lynch can right the ship. Hopefully, he didn’t sign onto a sinking one.