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Wednesday, November 28, 2007
Citing Steep Royalty Payments, AOL And Yahoo Could Consider Dropping Streaming Radio Services
Yahoo and AOL, claiming that higher royalty fees levied this past summer are turning their online radio operations into money-losing propositions, could contemplate closing down their webcasting music services if this continues. Since the 38 percent increase in charges for playing music across their respective internet radio channels went into effect in July, Yahoo and AOL started to redirect users away from their streaming webcasts.
http://www.paidcontent.org/entry/419-citing-steep-royalty-payments-aol-and-yahoo-consider-dropping-streaming/
http://www.bloomberg.com/apps/news?pid=20601103&sid=a0pKOrcpw6yE&refer=us
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