Nov 25, 2013
Please see the following statement from SoundExchange regarding news that Pandora will no longer be seeking legislation that would reduce royalty rates:
“We’re pleased to learn that Pandora is abandoning the Internet Radio Fairness Act, which would have deeply impacted the way artists and other creators are paid for digital radio plays. SoundExchange shares Pandora’s frustration that not all platforms of radio play by the same rules, and that AM/ FM radio does not pay anything for the use of sound recordings. As we said when we testified before Congress last year, SoundExchange will always fight to get fair compensation for recording artists and record labels, and keep fighting until everyone plays by the same rules. We hope Pandora will once again join us in our efforts to create a level playing field, and for all radio platforms to pay fairly for the use of sound recordings,” Michael Huppe, president and CEO, SoundExchange.