This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Meaning Behind Pandora's Brilliant Legal Maneuver

Here's what's even more shocking about that number -- that's 42,000-plus unique listeners. So I am one, you are two, your brother is three and so on all way past 42,000. Pandora has 42,000 listeners in freaking tiny Rapid City, S.D. I guess we can safely assume its national scale is real.

When you consider Pandora's ubiquity and ability to promote artists of all sizes for a music industry in disarray, it's tough to understand why the music industrial complex continues to bite the hand that feeds it.

And what's even funnier -- and more pathetic -- is that it would not surprise me to see "certain powerful music incumbents" (and a big radio company such as Clear Channel (CCMO)) attempt to hold up Pandora's purchase of KXMZ (I assume it still requires FCC approval). That's because, as Harrison stated, the complex "sees Internet radio as a threat to the status quo."

Funny and pathetic, yes. But definitely not surprising. There's a reason why the music industry and radio broadcasters want to see Pandora fail. It's because, unlike Pandora, a company that wants to "shift the equation away from big industry players towards a more democratic and inclusive industry for both listeners and artists," this cartel doesn't give a damn about music.

Radio stations view music as an expense. Noise between the commercials.

And the music industry -- led and hogtied by the major labels -- only cares about lining the pockets of a chosen few. From fat and happy executives to big names and only the most prolific songwriters. They have zero interest or incentive for promoting anything but a continuation of the status quo. Disruption terrifies them.

They're more than willing to take money from Apple (AAPL - Get Report), a company indifferent to promoting the music industry, but unwilling to work with an organization that displays a power to promote national and local music at a scale and with a vigor we haven't seen since the glory days of terrestrial radio.

Again. No surprise. An aversion to innovation is exactly what got the music industrial complex and broadcast radio into the jams they're in now.

-- Written by Rocco Pendola in Santa Monica, Calif.

Rocco Pendola is TheStreet's Director of Social Media. Pendola's daily contributions to TheStreet frequently appear on CNBC and at various top online properties, such as Forbes.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
CCMO $7.00 4.48%
AAPL $127.60 0.00%
P $17.34 0.00%
FB $83.09 0.00%
GOOG $535.38 0.00%

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs