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June 6, 2012 08:04 pm GMT
Pandora founder Tim Westergren testified before the House Energy and Commerce Subcommittee on Communications and Technology this morning. His big message: That the same guidelines should be used to determine the royalty rates for all forms of radio.I didn't see Westergren's testimony, but Pandora has sent up a summary and some quotes from his remarks, and I also interviewed him yesterday about what he planned to say. As an example of the disparity, Westergren told the House subcommittee that last year, Pandora paid $137 million in performance fees on $274 million in revenue (50 percent), compared to Sirius, which paid $205 million in performance fees on $2.74 billion in revenue (7 percent).
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/URSc_mG17-M/
Pandoras Tim Westergren To Congress: Level The Playing Field For Internet Radio
Pandora founder Tim Westergren testified before the House Energy and Commerce Subcommittee on Communications and Technology this morning. His big message: That the same guidelines should be used to determine the royalty rates for all forms of radio.I didn't see Westergren's testimony, but Pandora has sent up a summary and some quotes from his remarks, and I also interviewed him yesterday about what he planned to say. As an example of the disparity, Westergren told the House subcommittee that last year, Pandora paid $137 million in performance fees on $274 million in revenue (50 percent), compared to Sirius, which paid $205 million in performance fees on $2.74 billion in revenue (7 percent). Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/URSc_mG17-M/
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