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Kennedy. do share Pandora longstanding belief that musicians should be fairly compensated for their work, McAndrews said, adding that the existing patchwork of laws was piecemeal over decades and serve any one very well. allows users to listen to music on computers, smartphones or other Internet connected devices. It free as long as listeners put up with a few ads.
makes from advertising. While McAndrews said he focus on boosting ad revenue, music royalties are Pandora biggest hurdle to profitability. The fees are the main reason Pandora posted another net loss in the quarter through July, despite revenue rising 55 per cent.
For each song Pandora streams, it pays the music industry a royalty fee, which in aggregate amounted to over $200 million last year. government. McAndrews is the former CEO of digital advertising company aQuantive, which was sold to Microsoft for $6. 3 billion in 2007. Pandora hired McAndrews in an effort to boost the money it Adidas Shoes Orange And Black
Co. a kind of tough position to be in as a company. different about the upcoming fee negotiations is that Pandora survival is no longer in doubt.
aunches next week. Just like past disputes, the haggling could drag on for years while the government plays referee. In the end, users might have Adidas Shoes For Men With Price to listen to more ads between songs or pay more in subscription fees to avoid them. McAndrews, 54, was appointed Pandora CEO on Wednesday. He told The Associated Press that the royalty fight is ways off and that he rely on the counsel of co founder Tim Westergren and outgoing CEO Joe Adidas Shoes Yellow Black
Overcoming these costs has proven difficult. In February, Pandora restricted listeners to 40 hours of free mobile listening per month, in an attempt to limit royalty expenses. But it reversed the move in August after listener hours began falling. kind of stuck in this situation where they can get to profitability from growing their users. They need to get to profitability from giving their users less content, said Rich Tullo, an analyst with financial services firm Albert Fried Adidas Trainers Ladies Pink
Since the company d.
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