Tag: ROYALTIES

Royalties have been a bone of contention between major record labels and Internet radio stations for years, and now it looks like the two sides only have 30 more days to iron out an agreement. After they failed to agree by the February 2009 deadline that Congress set last year, Congress took action to extend the deadline to 30 days from last Wednesday. Until last year, the Copyright Royalty Board ...

Music discovery service and online radio station Pandora may have to shut down, thanks to high royalty fees imposed last year by the US Copyright Royalty Board. Pandora founder Tim Westergren says his company is currently paying 70% of its revenue to SoundExchange, the organization that collects royalties for artists. While nobody is arguing that artists shouldn't be paid for their work, this ...