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...However, the CRB’s new pricing was well below the $0.0025 demanded by SoundExchange, which collects royalties on behalf of music companies....
...SoundExchange said it was disappointed by the decision....
...However, revenues from streaming radio services, such as Pandora — which are collected and distributed by SoundExchange, the digital rights agency — grew sharply from $590m to $773m....
...A minimum percentage of up to 25 per cent of US revenues will be paid to artists and labels through SoundExchange....
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