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Bill to lower Internet radio music royalties draws fierce opposition
A push to lower music royalties paid by Internet radio has created political disharmony in Washington. The row began to heat up in September, when a group of lawmakers introduced the Internet Radio Fairness Act to equalize royalty payments paid per song for digital radio, whether it is transmitted over…
Pandora threatened by Apple’s entry into Internet radio market
Pandora Media shares plunged Friday after reports said Apple is in talks to license music for a rival online radio service. Shares of Pandora, the largest Internet radio operator, slid 17.6 percent to $10.35 in early trade on Wall Street. The Wall Street Journal and The New York Times reported…
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