In the first blog in this two-part blog series, I discussed Pandora Media, the popular music-streaming site, and its difficulty to maintain profitability in today’s music-streaming industry.1 Despite its high number of users and annual revenue, the company is reportedly looking to sell.2 This decision comes in the face of an increasingly competitive industry, increased…
Author: Jacob Saslow
Music Licensing Issues Threaten Pandora’s Business Model
Pandora Media, the popular music streaming site, has nearly eighty-one million users worldwide, and continues to generate over one billion dollars in revenue annually.1 However, Pandora is reportedly looking to sell, given the difficulties it faces in generating revenue and paying substantial licensing and royalty costs.2 Pandora is faced with increasing costs on two fronts….
Financial Impact of Daily Fantasy Sports: Part Two
The first part of this two-part blog series discussed the legal distinction currently in place that allows daily fantasy sports sites such as DraftKings and FanDuel to operate. Although sports’ gambling is illegal in most states, the Unlawful Internet Gambling Enforcement Act legalizes fantasy sports gambling when the winnings “reflect the relative knowledge and skill…
Are Fantasy Sports Really “Games of Skill”? Part One
Participation in and betting on fantasy sports has exploded over the past few years. Fantasy sports are defined as any sports competition with imaginary teams where the “participants own, manage, and coach” their teams, with the games “based on statistics generated by actual players or teams of a professional sport.”1 Websites such as Yahoo and…