# Professor William Greene comments on the new music royalty rates for Internet radio companies

1 Faculty News December 16, 2015 ![WIRED logo](/sites/default/files/styles/246w/public/assets/images/con_032348.jpg?itok=Wszefc-R)>

Excerpt from [WIRED](http://www.wired.com/2015/12/for-pandora-rising-rates-for-songs-means-moving-beyond-radio/) -- "The Copyright Royalty Board is supposed to set fair rates that reflect songs’ hypothetical market value if a truly open marketplace existed. 'The numbers they have chosen in the past have been wildly controversial, but in a world of zero marginal costs, it is difficult to set rates that make obvious sense,' says [William Greene](http://www.stern.nyu.edu/faculty/bio/william-greene), a New York University professor, who researches the economics of the entertainment and media industry. 'The CRB is casting about for a set of numbers that cause as little disruption as possible.'"

[Read more](http://www.wired.com/2015/12/for-pandora-rising-rates-for-songs-means-moving-beyond-radio/)

Additional coverage appeared on [Slate](http://www.slate.com/blogs/moneybox/2015/12/16/pandora_will_soon_have_to_pay_more_for_its_music_you_won_t.html).