Pandora lives! SoundExchange cuts deal on webcasting rates

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The long, strange saga surrounding webcaster royalty payments is (mercifully) over after a multiyear fight. Back in 2007, the US government’s Copyright Royalty Board set royalty rates for the online streaming of music that many in the business felt were unrealistically high for a nascent market, leading at least one prominent streaming service, Pandora, to threaten to pull the plug . Negotiations over an alternate pricing scheme broke down earlier this year, leaving things looking grim.