Streamonomics – The Fight For Fractions of a Cent in Online Music - Corporate Intelligence - WSJ: " . . . Pandora, focused on radio-style playlists rather than on-demand streaming, says the competition is less significant than many believe. “We are now effectively the largest radio station in almost every major market,” the company said in its most recent quarterly report. It sees others as less like competing radio channels and more like ambitious new versions of record stores. As CEO Joseph Kennedy explained it at a conference back in February:
“If you’ve got to hear Mr. Jones by Counting Crows and you’ve got to hear it right now, you can do that in Spotify, Rhapsody, Rdio, et cetera. In a certain sense, it’s the modern digital equivalent of going to the record store and having the album. You’re leasing the music store instead of buying it album by album, but that’s part of the consumer experience. At Pandora, we focused on being the Internet world definition of radio. So that place you go when you don’t know exactly what you want to hear, you don’t want to think about it, you’re busy doing other things . . . .”
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