Pandora is a service that thousands of people enjoy every day, yet there's a chance that they may not be around for very long. Why you ask? In short, it's because of the royalty fees that they are required to pay which traditional radio stations don't have to worry about.
A few weeks ago, it was silent for a day in the land of Internet Radio when thousands of webcasters went silent to protest the outrageous rates that were set to be imposed on July 15th. Up until late last night, no deal had been made. With July 15th just two days away, everybody was left to assume that Internet Radio wouldn’t be around come Sunday.
Today is a day of silence in the Land of Internet Radio. Thousands of webcasters have gone silent including Pandora, Yahoo Radio, MTV Radio, Rhapsody, and many, many others.
The big news today for Last.fm is that CBS has acquired them for 280 million! In their statement, CBS said that Last.fm fits well with their plan to attract a younger crowd (as though this isn’t obvious) to help transform CBS from a “content company” to an “audience company.” CBS has been on a roll lately by fully immersing themselves in Web 2.0 and all it has to offer.
Pandora has become a pretty popular way to find and listen to the music on the web. Their music discovery service helps users find other songs that they might liked based upon a song that they know they already like. After naming that song, the service goes to work and creates a station that is filled with music that is analyzed to be similar to the song that you entered.
