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Kennedy: "Royalty Structure Extraordinarily Unfair"

12-4-2012

In his conference call to investors Tuesday night, Pandora CEO Joseph Kennedy made a point of bringing up the royalty battle his company is in and the efforts it's making to right the wrong being perpetrated on Pandora by the royalty gods.

"Over the next few years," Kennedy said, "we will seek to remedy this unfairness." Kennedy said the issue has nothing to do with helping Pandora become a profitable company, as many have implied. "It's about fair structure," he said. "We believe this will be a win for all parties. Artists, innovators, and the listening public."

Kennedy would not even come close to saying the Internet Radio Fairness Act was being accepted with open arms by members of Congress. "It was well attended," Kennedy said. "We're pleased that in the midst of a lame-duck session, we had a hearing. It's recognition that this is a real issue. We know there are no assurances that a bill will get passed."




(12/5/2012 1:06:45 PM)
Does anyone really believe that radio is enabling more "discovery" then Pandora and that it should therefore pay ZERO royalties?

Kennedy is right, it is unfair and it doesn't make any sense either.

- guest3
(12/5/2012 1:06:42 PM)
Does anyone really believe that radio is enabling more "discovery" then Pandora and that it should therefore pay ZERO royalties?

Kennedy is right, it is unfair and it doesn't make any sense either.

- guest3

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