Pandora: Web Royalties Will Kill Us
Pandora’s on a tear lately, with its recent AT&T, Sprint, Apple, and Logitech deals, and its apparent ability to avoid the grim reaper. But the company said that the jig may soon be up. ExtremeTech reports that Pandora said Tuesday that current royalty rates could potentially put it out of business, while in response, SoundExchange (the organization in charge of collecting royalties) suggested that Pandora was “quite capable of paying its way given projected Internet radio advertising revenues,” as well as the success of its iPhone app.
At issue: “Should Internet radio stations, cable providers, and satellite radio stations pay the same amount to license the content they provide,” the article proposed.
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