SoundExchange vs internet radio
“We’re approaching a pull-the-plug kind of decision,” says Tim Westergren, founder of Pandora
“We’re funded by venture capital,” he said. “They’re not going to chase a company whose business model has been broken. So if it doesn’t feel like its headed towards a solution, we’re done.”
The article also provides a comparison of the differing royalty rates for traditional broadcasters and webcasters in the US. Webcasters pay more.