Tag: cash

11/01

MusicFIRST, but MusiciansLAST?

MusicFIRST really needs to have their heads examined. They're in a tizzy because, allegedly, Pandora executives have done what executives at companies post-IPO do - cash out some shares. ¬†And since these folks own a lot of shares, that can add up to a lot of money. But what does this have to do with the central question of onerous music royalty rates and the Internet radio industry's long-term ability to profit in the face of them? Forgive the Econ 101 lecture, MusicFIRST, but the value of shares for a public company is a reflection of the market's expectation of future profitability, … [Read more...]

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