Katie O'Brien
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Katie O'Brien in Senior Content Editor,

Pandora Stock Down 60 Percent

Pandora (NYSE: P) stock is down 60 percent from where it stood last year, according to a recent report by The New York Times. The Internet radio company is still the leader in its field, however, if it wants to continue to go head-to-head with competitors like Apple and iHeartMedia, things need to change.

Some of these changes include updated licensing deals with recording companies, the NY Times reported, which have been a point of contention for the company for years.

“It would be a mistake to think this lull is a détente,” Ted Kalo, executive director of MusicFirst, told the NY Times. “As long as they fairly to pay all artists fairly for the music they use, we will make sure artists know which side they are on.”