Pandora’s Internet radio bill hits a wall of opposition in Congress
5 02 2013Pandora CEO Joe Kennedy told Congress today, in no uncertain terms, that his business is in danger from high copyright royalty rates. But his plea fell on unsympathetic ears.
At a hearing before the House Judiciary Committee, key representatives were not only unmoved by Pandora, they were more interested in raising the royalties paid by terrestrial radio to musicians (radio currently doesn’t pay royalties at all.)
Pandora, by contrast, pays about half its revenue in copyright royalties. Today, Kennedy compared those fees to satellite radio, which pays about 7.5 percent of its revenue, and cable radio, which pays 15 percent.
The content in this post was found at http://arstechnica.com/tech-policy/2012/11/pandoras-internet-radio-bill-hits-a-wall-of-opposition-in-congress/ and was not authored by the moderators of freeforafee.com. Clicking the title link will take you to the source of the post.
