“MILLION A MONTH” TIM IS BACK WITH NEW IMPROVED PROFITEERING–BUT #IRESPECTMUSIC @THEBLAKEMORGAN FIGHTS BACK–AGAIN

Sessions Cody Snow

You may have received an email from something called “Sessions” like this one above received by our friend Blake Morgan, and Blake wanted us to alert MTP readers. Here’s Blake’s reply:

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Who can forget the epic confrontation between Blake and “Million a Month” Tim Westergren during what Billboard called “World War P”, which shows what can happen when artist relations are grossly mismanaged.

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Why do we say “Million a Month” Tim?  Because that’s what he made from selling Pandora stock while poor mouthing about paying royalties from Pandora’s loss-making revenues.  It may not seem logical, but in Silicon Valley, they care far less about profit than they do about valuation because valuation is, as bank robber Willie Sutton said, where the money is. So “Million a Month” Tim was engaged in the gaslighting of all time.

 I guess Blake hasn’t forgotten.

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Of course in fairness, Daniel Ek and Spotify are running the same play on a much grander scale of international gaslighting as demonstrated by the COVID Misery Index. Big thanks to Blake for calling out another one and speaking truth to power.

COVID Misery Index 12-5-20
Comparison of post-pandemic stock trading of Spotify, Google, Facebook, Amazon, Apple and Live Nation

@marcps: Pandora CEO Tim Westergren Stepping Down: Report

Pandora’s founding CEO Tim Westergren, who returned to the top job just last year, intends to step down as the streaming service’s leader in the near future. According to Recode, which cites “people familiar” with the plans, Westergren won’t go anywhere until a replacement has been found and is in place.

Read the post on Billboard

@andreworlowski: Pandora investor: Sell this company sooner rather than later

A major investor in Pandora wants the company to sell out while it can.

Hedge fund Corvex Partners has revealed that it owns 10 per cent of the veteran streaming music company – and that selling out to a larger company is preferable to pursuing a “costly and uncertain business plan.”

In a US Securities and Exchange Commission filing, Corvex expresses dismay over the return of founder Tim Westergren as CEO.

The hedge fund doesn’t think it’s worthless – just that it would be worth more to shareholders if it sold now at a premium.

Read the post on The Register.