“Basic math ($10,000 * 2,000 $50,000 * 800 4 * $1,000,000 2 * $3,000,000) shows us that Pandora is shelling out at least $70 million annually, but given that we took the lower estimate in all the cases mentioned above, and taking last years numbers into account, the figure is easily well over $100 million. That’s impressive.”

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