Pandora's Success Means More Bucks for Artists
Date: Friday, April 09, 2010 @ 16:21:49 UTC

For years, Pandora and other Web radio stations fought to reduce the royalty rates they were required to pay artists and record labels. Last July, the music industry and Webcasters reached an agreement and it now appears both sides are reaping the benefits. SoundExchange, the group appointed by Congress to collect royalties on behalf of artists and copyright owners, said it has begun distributing $51.7 million, the largest quarter the nonprofit group has ever recorded. Complete Article

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