You've narrowed compulsory licensing too much. Pandora has a compulsory license to play original recordings for a preset price: http://www.billboard.com/biz/art

You've narrowed compulsory licensing too much. Pandora has a compulsory license to play original recordings for a preset price: http://www.billboard.com/biz/articles/news/digital-and-mobile/1562706/business-matters-what-if-pandora-did-direct-licenses http://www.billboard.com/biz/articles/news/digital-and-mobil...