Documents filed by Pandora with the U.S. Copyright Royalty Board (CRB) have revealed an until-now secret deal that the music streamer made with digital rights organization Merlin on behalf of 120,000+ independent record labels and distributors globally. Merlin's contract which was signed in August and includes Beggars, Epitaph, Domino, Yep Roc and many of the world's most important indie labels, pays a rate less than is now required by U.S. statue and just half of what SoundExchange was requesting that Pandora and others pay in the future. Brad Hill of RAIN, who first analyzed the filing, explains current and proposed...

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