Yesterday, Pandora founder Tim Westergren proclaimed on the Pandora Radio Blog that the service has stabilized its finances, and credited a recent agreement between artists, labels and webcasters to revise the US Copyright Royalty Board’s prices for online music streaming, ruled in 2007. On the downside, Pandora will no longer be free:
What kind of adjustment? Westergren explains: Continue reading...“The revised royalties are quite high – higher in fact than any other form of radio. As a consequence, we will have to make an adjustment that will affect about 10% of our users who are our heaviest listeners. Specifically, we are going to begin limiting listening to 40 hours per month on the free version of Pandora.”
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