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Though Pandora (P -18.9%) is diving on account of its FQ4 guidance, it has received a bit of...
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Wednesday, December 5, 2012, 1:19 PM ETThough Pandora (P -18.9%) is diving on account of its FQ4 guidance, it has received a bit of good news courtesy of CNET's Greg Sandoval, whose music industry sources claim an Apple (AAPL -4.5%) Internet radio deal with all the top studios is "nowhere near to being completed." That's in-line with an October report claiming studios have balked at Apple's insistence on a lower royalty rate and more flexible playback, in exchange for a cut of iAd sales.
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This news story has 2 comments:
Apple could just buy Pandora and make an "end run" around the music industry?
If Apple isn't considering doing so, then they must be closer to a deal with the music industry than noted in the press otherwise you are concluding that Apple isn't competent! iPod/iTunes saved a weak music industry. Do you really think that Apple can't put this together?
Phil
long term independent Apple investor.