Pandora, the world's largest Internet radio service, will pay record companies more money to stream its music following a long-awaited decision Wednesday by the three-judge panel of the U.S. Copyright Royalty Board. But the new fee represents a comparatively small increase considering that record companies were seeking much higher rates.
"The music industry can't be cheering loudly about this one," William I. Hochberg, head of the music law department at Greenberg Glusker which represents artists including the estate of Bob Marley, said in a phone interview from Los Angeles. "The delay makes sense in that they can see how well Pandora does in getting more users, and maybe even a meaningful number of paid subscribers. Seems like they kind of split the difference."

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