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Pandora (P) Stock Rises, to Offer On-Demand Streaming

NEW YORK (TheStreet) -- Shares of Pandora (P) were higher in mid-morning trading on Friday as the Internet-radio service plans to begin offering on-demand music streaming through two monthly subscription options as soon as next month.

The company is nearing a deal with record companies that will allow it to offer the service in the U.S. and in new overseas markets, the Wall Street Journal reports. The agreements have yet to be finalized.

Some record companies are wary about approving the service abroad over fears that they wouldn't be able to control which songs Pandora offers on its free tier.

Pandora hasn't...