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A judge on Friday decided to leave the royalty rate
that Pandora pays to songwriters the same.
Ascap, which represents millions of songs, had asked the court to raise Pandoraís royalty gradually from 1.85 percent, its current rate. Pandora sought a rate of 1.7 percent, which is what most commercial radio stations pay Ascap. The difference represents a potential shift of millions of dollars for the whole industry, and the case came to symbolize the economic conflict between technology companies and the traditional music industry.
|Jason Tate on 03/17/14 - 10:17 AM||3 Replies - |