News 2015

News 2015: (US) Los Angeles Times Article: " Copyright Royalty Board hikes rates Pandora must pay" (by Ryan Faughnder, 20 Dec 2015)

Contributed by admin on Dec 20, 2015

"A panel of federal judges has ordered Pandora Media Inc. and other Internet radio stations to pay higher royalties for sound recordings in a ruling that could have broad ramifications for the music industry. ...

The Copyright Royalty Board on Wednesday ruled that online radio companies will have to pay 17 cents per 100 plays of songs through 2020. That's a notable increase over the current rate of 14 cents per 100 streams. The new rates take effect Jan. 1. ..."

Visit the Los Angeles Times website to read the full article.