Web radio darling Pandora has good news for its users: We’re saved! And a slightly different message for its heaviest users: Pay up. And perhaps a third message for potential investors: Want to write us a check?
Web music site operators and the music industry have worked out the major points in a deal that will reduce the fees Web site operators will pay for music streaming rights. A final deal between the Digital Media Association, which is representing the Web sites, and SoundExchange, which collects royalties on behalf of the music labels and other copyright owners, isn’t expected until later this year. But “the hard stuff has been done,” says Pandora founder Tim Westergren, who has become the public face of Webcasters during negotiations.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
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