Thursday, November 6, 2008
Digital Music Deal Nearly Done, but Web Radio Darling Pandora Not Out of the Woods
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.
