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Pandora To Cap Free Mobile Listening At 40 Hours Per Month online streaming music company Pandora Media Inc said it would cap free mobile listening at 40 hours per month as charm bracelets for kids pandora it tries to overcome rising royalty costs.
Pandora, which relies mainly on advertising for revenue, is struggling to grow amid fierce competition from the likes of Sirius XM Radio Inc. Pandora's per track royalty rates have increased more than 25 percent over the last 3 years, including 9 percent in 2013 alone and are set to increase an additional 16 percent over pandra charms the next two years, co founder Tim Westergren pandora mall wrote in a blog posted on the company's website. "After a close look at our overall listening, a 40 hour per month mobile listening limit allows us to manage these escalating costs with minimal listener disruption," he said.
Online streaming music companies like Pandora pay a different rate to license music than traditional radio companies. Westergren said the move would affect less than 4 percent jared galleria of jewelry of its total monthly active listeners as an average listener uses only about 20 hours listening to Pandora. Listeners who reach the 40 hour limit can pay 99 cents for unlimited listening for the remainder of the month, or subscribe to Pandora One for unlimited listening and no advertising, he wrote.
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