Pandora 2006 royalty obligation could total nearly $4 billion ·Mar 6, 11:37 AM Wired Listening Post writer Eliot Van Buskirk, who has been playing close attention to the CRB decision since last Friday, writes today: "Larger services that offer thousands of channels, such as the free Pandora, are also facing a huge spike in royalty costs. Kurt Hanson, publisher of RAIN and CEO of AccuRadio, went so far as to speculate that Pandora, which Kennedy goes on to warn of the competitive void that the demise of Internet radio would leave, and the gross disparity between formats that the decision creates. "If these rates are left standing, satellite and broadcast may be all that are left," Kennedy said. "Broadcasters pay no sound recording royalties at all and, at the new rates, Internet radio would have to pay 4-5 times the rate that the satellite companies pay." share: del.icio.us. Reddit Digg Yahoo Wink Windows Google Newsvine
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