This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

BREAKING: Indie Artist Wants Pandora to Act Like a Charity

Stocks in this article: P AAPL AMZN

NEW YORK ( TheStreet) -- I have tried to engage indie artist Blake Morgan. Pandora's (P) co-founder and Chief Strategy Officer Tim Westergren has done the same. I can only assume others have as well.

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.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs