Pandora CEO Joe Kennedy told Congress in the US that they need lower copyright royalty rates or Pandora will be in trouble. It seemed like these pleas fell of deaf ears.
At a hearing before the House Judiciary Committee, key representatives were not only unmoved by Pandora, they were more interested in raising the royalties paid by terrestrial radio to musicians (radio currently doesn’t pay royalties at all.)
This is great news for musicians who finally want to receive decent returns from radio and Pandora plays specifically!
If Pandora doesnt provide any real benefits for musicians then it just seems like Pandora executives are profiteering.
p.s. Interesting video from Paul at DigitalMusicNews.