Pandora Has Officially Been Saved

TECH CRUNCH -- July 7 -- After two years of uncertainty, Pandora’s future has finally been secured. For those not familiar with what was going on, basically the streaming rates for Internet radio were in danger of being raised to levels that would have made it very hard for companies like Pandora to stay afloat. The key part of the resolution involves SoundExchange agreeing to a 40-50% reduction in the per-song-per-listener rates. In exchange, Pandora is giving up a 25% share of its U.S. revenue. This agreement runs through 2015. FULL ARTICLE @ TECH CRUNCH

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