That's the word from Pandora's founder, Tim Westergren. Pandora is a web radio service that learns what you like as you listen more. Westergren was interviewed at dailytech.com by Tom Corelis: "The new rates would bankrupt us, along with every other webcaster in currently in operation. Without a doubt, for us it’s a really misguided decision...These rates essentially don’t rely on the understanding of the economics of web radio."
Earlier Archived Stories on the Royalty Issue:
* Who is Trying to Control Internet Radio? Follow the Money...
* New Royalty Rates Announced for Webcasters
* New Royalty Rates Set to Silence Many Internet Radio Stations
* Webcasters Can Survive by Becoming King of Their Content
What Happened On This Day in Radio History: September 2
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