It's Tuesday, June 4th.

Welcome to Market Foolery.

I'm Chris Hill joining me in studio today from Motley Pool 1,

Jason Moser and from Fool.com, Matt Koppenhofer.

Good to see you, gentlemen.

Hello.

We've got a bunch going on today.

We've got, we're going to talk about the music industry.

We're going to talk about the software industry and the online gaming industry.

Let's start with music.

Pandora shares of Pandora down more than 12% this week and that's because of what is

quickly becoming the worst kept secret in the business world, which is that Apple is gearing up to launch a music streaming service.

The Wall Street Journal reported they have Apple has a deal with Warner Music Group now.

I suppose this is the nightmare scenario, isn't it Jason where someone comes to and says,

I have very bad news.

Apple was its unbelievably deep pockets has decided to enter our competitive space.

Yeah, I mean I think that's basically what they have to be thinking is because this is from what we can at least glean from the reviews or the releases is that this is going to be a free

streaming service that is ad-based ad supported which is essentially exactly what

Pandora is.

The whole notion of I radio.

Right, and I mean you can pay for a membership to Pandora to sort of bypass the advertisements

and stuff like that.

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