NEW YORK (AP) — Streaming music company Pandora says it will buy Ticketfly for $450 million in a move that takes the company beyond music sharing and into ticket sales and marketing.

Pandora runs a free music streaming service and says 80 million people use Pandora to listen to music every month. The Oakland, California-based company went public in 2011 and reported $921 million in revenue in 2014, mostly from selling ads, but it has yet to report an annual profit.

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The companies say Ticketfly sold 16 million tickets to 90,000 events last year, with the value of those tickets surpassing $500 million. They added that 14 million people visit Ticketfly’s sites each month.

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Shares of Pandora Media Inc. fell $1.19, or 5.4 percent, to $20.78 in morning trading.

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