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How Spotify Ended Up in Your Portfolio

It's hard to find a segment of the music industry that doesn't hate the streaming music service Spotify.

Artists and record labels don't like the historical licensing terms that allow Spotify users to stream oodles of free music - but pay those artists and labels very little.

Pandora Media Inc. (NYSE: P) hates competing against the Spotify business model. While Pandora acts like a free radio station, Spotify is a free jukebox - it plays whatever you want, whenever you want it.

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