Royalties Mar Music Streaming Services
The New York Times, Monday, August 27, 2012 12:07 PM
Streaming music services Spotify and Pandora are growing in popularity, and raking in revenue. The problem? Music royalties are eating them alive. “Even at their level of scale and hype
… Spotify and Pandora exemplify the business challenges for digital-music companies,” The New York Times’ Media Decoder blog writes. “Both are losing money, and for largely
the same reason: the cost of music royalties.”
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