Music Labels Reach Royalty Deal With Online Stations

There’s been a lot of concern among in the community of fans of small and innovative music webcasters like Pandora about royalties being set by the U.S. Copyright Royalty Board – fees were set at rates which would have potentially put companies like Pandora out of business. With this new agreement, however, it looks like the industry folks have have relented a bit.

Details are in the NY Times article, but this pretty much sums it up:

“This is definitely the agreement that we’ve been waiting for,” said Tim Westergren, the founder of Pandora

UPDATE: Tim Westergren’s summary is here. I really like those guys!

Music Labels Reach Royalty Deal With Online Stations

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