Pandora (NYSE: P) recently introduced its new Pandora Premium on-demand music service. Available for $9.99 per month, subscribers can now listen to songs of their choice versus the previous model of listening to playlists based on genres, artists, etc.
Another streaming service, Netflix (NASDAQ: NFLX), has a similar business model for video content. Its primary subscription is also $9.99 per month. If you had invested $1,000 in Netflix when it went public in 2002, you would have over $135,000 today.