I hope the senate asks about this tomorrow!
“The sleep of reason produces monsters”-Goya
By the end of 2015 Pandora Executives and Investors will have sucked nearly 1/2 a billion dollars in “stock compensation” out of the company. Yet Pandora complains very publicly to the US Congress about being unable to cover royalties to performers and Songwriters. Hence the massive lobbying effort in Washington DC and endless lawsuits against performers and songwriters. Pandora is currently pleading for lower royalties before the Copyright Royalty Board in Washington DC.
Sen Ron Wyden the hand puppet of webcasters and broadcasters (and our vote for Manchurian Candidate) even repeated this crap when he announced the Pandora/broadcaster backed Internet Radio Fairness Act.
But this is not true. The interactive radio monopoly Pandora is not profitable simply because…
View original post 68 more words