Posted 05/04/2010 - 12:57pm by Julia M
Pandora, the hugely popular online radio service, paid 44% of all digital music royalties paid out by non-interactive Internet radio services. Pandora generated $50 million in revenue in 2009 and paid $28 million in royalties, actually managing to turn a profit in the process. While Pandora’s $48 million payment was 44% of Internet radio royalties, it represented about 1% of the total radio payout when terrestrial broadcasting is added in.
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