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Pandora Premium, the company's on-demand streaming product, is now available to all paying users.
The streaming radio giant has reportedly been in talks with Providence Equity Partners, Silver Lake and KKR.
Starbucks is one of the more popular brands among American teens.
According to the RIAA, streaming services accounted for 51% of U.S. music revenue in 2016, up from 34% in 2015, as the industry posted its biggest revenue gain since 1998.