Judges hike rates for music streamers; Pandora shares jump

December 17, 2015 12:13 AM

18 0

A panel of copyright judges has raised the amount Internet music streaming services like Pandora must pay to record labels next year and beyond, potentially easing concerns artists have about being paid fairly for such streams.

The Copyright Royalty Board on Wednesday raised the rate for free streaming services to 17 cents per hundred plays, up from 14 cents. For paid subscription services, the rate fell to 22 cents from 25 cents. Both rates will rise with inflation through 2020.

Also read: U.S. Nonfarm Payrolls Rose 178,000 in November; Unemployment Rate Falls to 4.6%

Read more

To category page

Loading...