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Internet radio Pandora ordered to pay 21% more in royalties

Published Thu, Dec 17, 2015 · 09:50 PM

New York

INTERNET radio leader Pandora was ordered on Wednesday to pay 21 per cent more in royalties to record labels, a modest increase that the company hoped would allow growth.

Industry watchers had been closely watching the US government decision for clues on Internet radio's future as royalties account for nearly half of Pandora's expenses.

Judges from the Copyright Royalty Board said that Internet broadcasters such…

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Internet radio Pandora ordered to pay 21% more in royalties

Consumer & Healthcare

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

P&G raises annual core profit forecast on resilient demand, price hikes

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

Swiss watch exports plunge as China and Hong Kong demand dries up

Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO

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