In an effort to manage acquisition fees, Pandora Radio has acquired a terrestrial radio station based in Rapid City, S.D. The move enables Pandora to be subject to licensing fees and royalties for broadcast radio stations rather than streaming stations. Internet radio companies such as Pandora, Spotify, Rhapsody, Last.fm and others have struggled for several years to balance acquisition costs with revenues. Acquisition costs include royalties to performers or bands in addition to revenue shares to composers and songwriters.
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Pandora Fights Fees with Terrestrial Acquisition
Posted by: Enid Burns June 13, 2013 10:58 AMIn an effort to manage acquisition fees, Pandora Radio has acquired a terrestrial radio station based in Rapid City, S.D. The move enables Pandora to be subject to licensing fees and royalties for broadcast radio stations rather than streaming stations. Internet radio companies such as Pandora, Spotify, Rhapsody, Last.fm and others have struggled for several years to balance acquisition costs with revenues. Acquisition costs include royalties to performers or bands in addition to revenue shares to composers and songwriters.