A court ruled that Pandora should pay songwriters about the same amount as AM/FM stations. The ruling may seem fair, but it disguises the much deeper problems of an outdated system for compensating musicians.
Music listening service Pandora saw a dramatic dip and then a dramatic 22% spike in after-hours trading Wednesday, as investors were reading the tea leaves and then learned of the royalty rate decision.
TNW:
From January 1, Pandora is going to be paying more money to music labels for the songs being streamed on its platform.
With more personalization, Pandora hopes to take on Apple Music and Spotify.
