Pandora’s been a weird outlier in the streaming music market for years now, generally playing second fiddle to on-demand services like Spotify or Apple Music. That’s mostly thanks to the company’s unique business model, which allows it to get around paying hefty licensing fees by billing itself as web radio, giving users automatically curated stations instead of allowing them to pick songs at will. (Not that that hasn’t had its own difficulties, as increased web radio royalty rates have been a frequent thorn in the company’s side.)
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