The Next Web : When I asked Pandora’s founder and chief strategy officer Tim Westergren how much of a threat he thinks his company faces from other online music services like Spotify and Rhapsody, he did something I wasn’t prepared for.
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.
