In my case -- and, from what I understand, in Westergren's case -- these overtures receive no response from Morgan. That's not much of a surprise. Morgan must know deep down that he floats a flawed argument. However, he was at it again over the weekend on NPR's "Weekend Edition."
Morgan discusses the royalty situation minus any necessary context and nuance, which strikes me kinda funny. He's a singer/songwriter; the really good ones tend to look past talking points, war cries and window dressing.
Additionally, between the NPR piece and a Bloomberg Radio interview he did a few weeks back, Morgan speaks from both sides of his mouth.In one breath, he says he doesn't want more money from Pandora. He just opposes the company's desire to cut artists pay (Alert: That's a talking point with no context). In the next, he moans about Tim Westergren cashing in a million dollars' worth of stock each month. Morgan can't seem to reconcile Westergren's riches with his $15 quarterly cut of the royalties Pandora pays out for the airplay his songs receive on the Internet radio service. It's almost as if Morgan wants Pandora -- a publicly-traded technology company with the stated and genuine mission of redefining radio and partnering with musicians -- to apply for non-profit status. He wants them to operate as a 501(c)(3), not a business. Truth be told, Westergren would much rather run Pandora like a social enterprise, but there's some crap that needs to get sorted out first. Morgan refuses to engage his critics. That's because he realizes his argument doesn't hold up. So here and now, I offer Blake the opportunity to sit down with me and/or Westergren. Let's do it at a SXSW panel or something. Name the time and place and I will be there. While I can't speak for Westergren, I reckon he would show up as well. We provide different perspectives on a set of issues Morgan absolutely needs to take another look at. First and foremost, why in the hell does Blake Morgan have royalties on his radar in the first place? I'll never for the life of me understand this. The music industrial complex uses guys like Morgan, whipping them into a frenzy to generate passionate support for something wholly immaterial to most singers and songwriters.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV