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Pandora hit with higher costs as royalty board hikes streaming rates

December 16, 2015Article
The Street

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.

"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. Click here to read full article >