This Day On The Street
Continue to site
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 Market's Most Exciting Company Not Named Apple

Is a dream a lie if it don't come true/Or is it something worse

-Bruce Springsteen, "The River"

NEW YORK ( TheStreet) -- At the end of this article, I embed an interview CNBC conducted with former Cracker frontman David Lowery.

Lowery made headlines this week when he claimed Pandora (P - Get Report) only paid him $16.89 for over one million streams of Cracker's hit song "Low."

Here's a link to Lowery's original blog post that a pathetically uncritical music, tech and financial media spread like a cancer, further misinforming readers.

Then, tech blogger Michael DeGusta came along, adding quantitative bite to my ongoing qualitative punch. On Wednesday in A Pandora Blog Post You Must Read Right Now, I give DeGusta fist pumps and chest bumps for exposing Lowery's claims for what they are -- misleading, without context and, at times, just flat inaccurate.

Then, in the CNBC interview, Lowery, "to be fair," provided a bit of the context he conveniently left out of his original attack on Pandora. But it's not nearly enough. Not even close.

Later in the day, Pandora co-founder Tim Westergren went a long way toward setting the record straight in a lengthy blog post. It's well worth your time.

What a crazy day in another crazy week in what has been a crazy series of months in this chaotic story. We have a new most exciting company on the stock market and it's name is Pandora.

And, for me, it should get even more interesting Thursday afternoon when I meet with ASCAP President and Chairman Paul Williams.

I hope a discussion with the legendary and visionary Williams will help bring meaning to some of the more vexing questions I continue to consider.

For example, Lowery sidestepped a question Scott Wapner asked on CNBC. Wapner wanted to know what the royalty situation looked like prior to Pandora entering the scene. Lowery didn't have an answer. Or he just didn't want to answer because the correct response is not on the list of talking points groups such as The Recording Industry Association of America (RIAA) and musicFIRST provide.

There's a straightforward answer to Wapner's query. Pandora did not come along and break a well-oiled machine. The royalty structure, by and large, has never worked for a majority of artists. It's ineffective, bloated and oppressive.
1 of 3

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
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $118.90 0.93%
AMZN $672.60 -0.10%
P $13.77 0.29%
FB $104.32 -1.10%
GOOG $746.97 -0.44%


Chart of I:DJI
DOW 17,796.42 -2.07 -0.01%
S&P 500 2,086.88 -3.23 -0.15%
NASDAQ 5,106.5520 -20.9730 -0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs