The Washington Post reports that Pandora internet radio may have to shut its doors, due to the excessive royalties it is required to pay:
Giant of Internet Radio Nears Its 'Last Stand'Complete article
Pandora, Other Webcasters Struggle Under High Song Fees
By Peter Whoriskey
Washington Post Staff Writer
Saturday, August 16, 2008; Page D01
OAKLAND, Calif. -- Pandora is one of the nation's most popular Web radio services, with about 1 million listeners daily. Its Music Genome Project allows customers to create stations tailored to their own tastes. It is one of the 10 most popular applications for Apple's iPhone and attracts 40,000 new customers a day.
Yet the burgeoning company may be on the verge of collapse, according to its founder, and so may be others like it.
"We're approaching a pull-the-plug kind of decision," said Tim Westergren, who founded Pandora. "This is like a last stand for webcasting."
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