San Francisco
– Streaming music service Pandora now counts more than 40 million users, and
took in $50 million in revenue last year, founder and CEO Tim Westergren told
CNNMoney.com. Of this sum, Westergren said Pandora paid out $30 million in
royalties to copyright holders. Pandora is also now adding 35,000 new
subscribers to its iPhone application each day.
Related Links:
http://money.cnn.com/2010/02/18/technology/pandora/
