Pandora backs bill to cut internet radio royalty rates
Pandora co-founder Tim Westergren has lent his support to a bill introduced in the US House of Representatives on Friday , as well as its companion legislation in the Senate, which aims to reduce the rate of royalties paid by internet radio stations. Put forward by Representatives Jason Chaffetz (R-Utah) and Jared Polis (D-Colo.), the Internet Radio Fairness Act proposes putting internet radio stations on the same royalty scale as satellite and cable services — its Senate equivalent was introduced by Senator Ron Wyden (D-Ore.). Conventional terrestrial radio stations are not required to pay performance royalty fees at all Supporters of the bill claim that services such as Pandora currently pay more than 55 percent of their annual… Continue reading…
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Pandora backs bill to cut internet radio royalty rates
