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They didn't say anything there. Regardless, they cannot afford to continue having hundreds of millions of free streams even if they are paying less than one tenth of a penny. As soon as their deals with the labels and the publishers come up later this year, they will need to cough up more $ or equity.
And now they are facing a full scale global assault from Rdio, Simfy and Deezer. Rdio beat them to Brazil, Australia and Germany, Deezer will beat them to Canada and Simfy is in central Europe.

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