Several famous musicians, including Radiohead’s Thom Yorke and members of Pink Floyd, have recently made news by complaining about how little money artists make from Internet radio platform Pandora and on-demand music-streaming service Spotify. What often gets overlooked, however, is that these companies aren’t making much money themselves. Music-streaming companies routinely lose money in the here and now, even as analysts and investors continue to believe they have long-term potential for growth and profit.
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