“Why are all these techies so delusional? “

Bob Lefsetz on Pandora’s latest appeal to have their licensing fees reduced.

Why are all these techies so delusional?

Yes, the music industry has been too slow to license.

Yes, it tends to extract its pound of flesh.

But your way into copyright holders’ hearts is by proving you’re going to make them more money. And that’s not what Tim Westergren is doing here, he’s just lobbying on behalf of his shareholders.