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Pandora (P -11.7%) rises 3.7% AH after music execs tell CNET Apple's (AAPL) Internet radio...

Pandora (P -11.7%) rises 3.7% AH after music execs tell CNET Apple's (AAPL) Internet radio service is far from a done deal. Though requesting more flexibility for its service than what Pandora and others can offer, Apple reportedly is pushing for a lower royalty rate, and some think its offered cut on iAd sales isn't high enough. However, studios are said to be worried a spurned Apple could join Pandora in supporting the Internet Radio Fairness Act. (Bloomberg report) (more on Apple)
Comments (7)
  • If the record companies are smart, they'll go along with this. You would think they would have learned over a decade ago from Steve.
    25 Oct 2012, 07:54 PM Reply Like
  • Would like to hear Rocco Pendola's take on this...
    25 Oct 2012, 08:27 PM Reply Like
  • Done deal or not, Pandora is finished. When the elephant walks into the room, everybody pays attention. Every twitch and turn, even when it's sleeping, is crushing Pandora every time. Just a rumour sent the share down 14%. There will be a few more rumors before the real thing comes (may be). Can it sustain a 14% drop every time?
    25 Oct 2012, 08:27 PM Reply Like
  • Maybe. Apple doesn't always hit homeruns. Remember Ping? :)
    25 Oct 2012, 08:41 PM Reply Like
  • Just checked Pandora's results, they are exhibiting amazing top line results, but the content expenses are keeping them down. If this internet fairness act does pass, P's earnings could skyrocket.
    25 Oct 2012, 08:36 PM Reply Like
  • No way AAPL should get a better deal than P. Radio industry should pay the same rate regardless.
    25 Oct 2012, 09:36 PM Reply Like
  • I think it's more dependent on who is the better negoiator.
    26 Oct 2012, 11:33 AM Reply Like
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