Back in March of this year, Microsoft proudly announced that Pandora would be one of its big-name Windows Phone 7 launch partners. In an interesting turn of events last week, however, the popular Internet radio provider said on its Twitter account that it has no plans to develop an app for Microsoft’s new platform.
Music listening service Pandora saw a dramatic dip and then a dramatic 22% spike in after-hours trading Wednesday, as investors were reading the tea leaves and then learned of the royalty rate decision.
TNW:
From January 1, Pandora is going to be paying more money to music labels for the songs being streamed on its platform.
With more personalization, Pandora hopes to take on Apple Music and Spotify.
