“We are comfortable with the idea of being at a smaller scale,” said Slacker CEO Duncan Orrell-Jones commenting on the unsustainable losses of his larger competitors. “We are on the cusp of profitability,” he added.
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The revelation that Slacker Radio was close to becoming a profitable company came during a Music Ally interview with CEO Duncan Orrell-Jones. “We are comfortable with the idea of being at a smaller scale,” he said. “We are on the cusp of profitability.”
"Those companies are going to have to find a way at some point to pivot towards a business model that makes sense – because it’s just not sustainable as a public company to continue to lose money the way Pandora is,” commented Orrell-Jones “And if Spotify really does want to go that way [into an IPO] at some point, they are going to have to sell a story that the investors can get behind.”
“I scratch my head at the sheer weight of the organisations they have," he added
from hypebot http://ift.tt/2n1Dd7l
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