ReadWriteWeb

After years of wrangling and imminent doom constantly hanging over their heads, Pandora and other webcasters like AOL Radio have finally managed to work out a new deal with the music industry that should ensure the survival of their businesses for the next few years. Under this deal, large webcasters with revenue over $1.25 million will pay the greater of 25% of their revenue, or a fixed price per song, which will increase from 0.08 cents to 0.14 cents in 2015. Services with less than $1.25 million in revenue will have to pay 12 to 14% of their revenue.