Image via CrunchBase"Pandora, the popular Internet radio service, filed for an initial public offering in February that would raise $100 million. Spotify
, a highly lauded European service, is reportedly raising $100 million from private equity firms to help it come to the United States."The New York Times notes that
"Since it emerged in the 1990s, digital music has been hugely popular with fans, but for online music companies and their investors it has almost never been profitable."
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Investors Are Drawn Anew to Digital Music
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