WASHINGTON, D.C.--It doesn't take a sophisticated algorithm to know that Pandora's pitch for a new music royalty rate has been a dud.
Pandora says Web radio services pay too much in music royalties and is backing the Internet Radio Fairness Act. If passed, this federal legislation would reduce the rate these streaming services would pay. Pandora gets another chance tomorrow to convince the public and lawmakers of the bill's necessity during a hearing before the U.S. House subcommittee on Intellectual Property, Competition and the Internet.
The music industry, which will also send representatives to … Read more