Yeah, I’ve been keeping track of this saga for awhile. Pandora is one of my favorite sites on the net. A simply awesome service. They are trying to get the fee structure changed before 2010, when the rates are supposed to get hiked, but it sounds like they have been able to make zero progress so far.
Most internet radio companies are going to close down by 2010 if the fee structure isn’t changed. Talk about shooting yourself in the foot. Internet radio attracts millions of users, many of whom discover new artists (especially on Pandora) and could then go out and buy new songs. Instead, Sound Exchange/RIAA is forcing these awesome tools to shut down due to their greed.
The article also failed to mention that terrestrial radio pays ZERO fees per played song and Satellite radio pays less than what they are charging internet radio. It’s all complete bull and greed by the Music Industry cartel.