Pandora CEO Joe Kennedy and songwriter Jimmy Jam to headline music royalties hearing
Pandora CEO Joe Kennedy will square off against songwriter Jimmy Jam and other opponents of a bill that proposes to make changes to the music licensing system at a House Judiciary Committee hearing on Nov 28.
In the months leading up to the hearing, the music industry and Pandora have been locked in a fierce lobbying battle over the Internet Radio Fairness Act (IRFA), which was introduced in September by Reps. Jason Chaffetz (R-UT) and Jared Polis (D-CO) and Sen. Ron Wyden (D-OR). The bill proposes to put Internet radio services on the same royalty-setting standard as cable and satellite radio stations, which Pandora believes will lower the royalty payments it pays to stream songs online. The debate over the bill comes as the current royalty agreement that record labels and Internet radio services reached in 2009 is set to expire in 2015.