Pandora will pay more for streaming songs under new ruling — but not as much as music labels wanted

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Pandora is going to be paying 20 percent more for every song its users stream, after the Copyright Royalty Board released a decision today hiking rates for streaming songs from $ .0014 to $ .0017 per play. It’s a pivotal ruling for the digital music company, but not as much as the music labels wanted. Current streaming fee: $ .0014 New fee for 2016: $ .0017* Music labels wanted: $ .0025 * per @miriamgottfried close reading Pandora up 20% $ P — Aaron Pressman (@ampressman) December 16, 2015 Although the new price is set by a national government agency, it won’t affect other music streaming services like Spotify or Apple Music. Because… Read More
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