In short, Pandora's reasons to not setup shop in Canada is clearly based on the 45 per cent of the site's gross revenues or 7.5-tenths of a cent for every song streamed. Although in sharp contrast Radio delivered over AM/FM in Canada pays a rate of 2.1 per cent of revenue, we find this balance unfair. And the Music Industry happily reminds us that Canadians are no good Pirates, but we all know they secretly want to sue file sharing moms everywhere.
Tim Westergren recently sat in a Las Vegas penthouse suite, a glass of red wine in one hand and a truffle-infused Kobe beef burger in the other, courtesy of the investment bankers who were throwing a party to court him.
It was a surreal moment for Mr. Westergren, who founded Pandora, the Internet radio station. For most of its 10 years, it has been on the verge of death, struggling to find investors and battling record labels over royalties.
Had Pandora died, it would have joined myriad music start-ups in the tech company graveyard, like SpiralFrog and the original Napster.
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