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Pandora’s ordered to pay record labels more money for streaming tracks

December 17, 2015 - Uncategorized

From January 1, Pandora is going to be paying more money to music labels for the songs being streamed on its platform. This is thanks to a ruling by the Copyright Royalty Board that says online radio services must pay $0.17 per 100 streams of a song by non-subscribers and $0.22 per 100 streams by subscribers. Up until now, Pandora has been paying $0.14 per 100 streams and according to The New York Times, the company paid out over $400 million in royalties alone last year. That’s over 40 percent of its total revenue. The new rates are only going…

This story continues at The Next Web

Source: The Next Web