TITLE

Pandora Tunes In Layoffs

AUTHOR(S)
Sadighi, Lalee
PUB. DATE
October 2008
SOURCE
Red Herring;10/17/2008, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
the article announces the plans of Pandora to dismiss 14% of the music discovery startup's work force. Pandora Chief Executive Officer (CEO) Tim Westergren explained that they reduced 120 to 140 employees and admitted that they are affected by the economic crisis. Due to a ruling from the Copyright Royalty Board in Washington, D.C., Pandora had to pay more than 70% of its revenue to the Recording Industry Association of America.
ACCESSION #
36603014

 

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