Pandora (P -2.7%) falls as details arrive about the long-rumored Xbox Music (MSFT) a day ahead of its launch. The service bears a strong resemblance to Spotify: an ad-supported version that works on PCs and tablets will be free (it'll be Windows 8's default music service), while an ad-free version that supports the Xbox and smartphones will go for $10/month. However, iOS and Android apps won't arrive until next year. Pandora's Internet radio share thus far hasn't been hurt badly by growing competition. (more)
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