Pandora, music labels gird for Web-radio battle
WASHINGTON, D.C. -- Pandora and the major record labels were busy this week drawing up battle plans and forming alliances in preparation for a coming Capitol Hill fight over the royalty rates Webcasters are required to pay for music.
CNET has learned that representatives from the three largest music-recording companies, Universal Music Group, Sony Music Entertainment, and Warner Music Group, plan to meet early next week with some of the industry's top artist managers in New York to discuss strategy about how to block passage of the Internet Radio Fairness Act.
The legislation seeks to reduce the rates … Read more