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September 4, 2008 at 10:49am
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To be blunt, the cost of licensing music is so significant that I don’t see the possibility of putting an ad-based music service around music, if you’re delivering it to the consumer,” Pelson told us via phone. “Pandora, Rhapsody and the rest don’t work, and over next 24 months, licensing models will change. People who licensed (music catalogs at today’s prices) will feel dumb.

— This would make me sad.  Via: Wired

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