Around the Net

Royalties Mar Music Streaming Services

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.”

Read the whole story at The New York Times »

Next story loading loading..