Listen to Internet Radio? Not for long.

March 8, 2007 on 7:48 pm | In Copyrights, Web/Tech |

I’m a big fan of Pandora. I’ve even bought a number of CDs of artists I found via Pandora (The Black Keys, Gotan Project, others). I’ve also listened to Internet radio stations via iTunes, last.fm, WinAmp and others. I love Internet Radio. I listen to it at home. I listen to it at work. I can even listen to it through my TiVo.

That’s why it greatly saddened me to hear that the new manner of figuring royalties for streaming music on the Internet means that someone like Pandora likely has “a royalty obligation might exceed the total proceeds of all their recent rounds of venture capital plus all their sales revenues to date.” The founder of Pandora went as far as to say that the RIAA’s new royalty rates will kill online radio!!

Reminds me of a story I heard about a goose and a golden egg….

Everything you need to know on this topic can be found in this article: RAIN: Webcast Royalty Rate Decision Announced.

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