And the UK follows suit

Following on from my earlier post about the death of internet radio as we know it, the UK has once again followed the US model and hiked the royalty fees paid by internet radio stations to levels that will make it nearly impossible for niche stations to exist (legally) anymore. What they've really done is killed off one of the cheapest marketing tools the music business has ever seen. More details are in my post for the NESTA blogs:

What stations like Pandora do is provide an excellent way of selling more records. Here's how: you type in the name of a song or musician you like, and Pandora plays you music that is similar. You may never have heard of the artist or song that Pandora plays to you, but if you like it, you can buy it from iTunes or Amazon at a single click...

Read the full post here on the Making Innovation Flourish blog >>