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Pandora Dominates Internet Radio
April 27, 2010
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Pandora, the hugely popular online radio service, paid 44% of all digital music royalties paid by non-interactive Internet radio services. Pandora generated $50 million in revenue in 2009 and paid $28 million in royalties, actually managing to turn a profit in the process. Wile their $48 million was 44% of Internet radio royalties, it represented about 1% of the total radio payout when terrestrial broadcasting is added in.
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