Pandora says has paid $500 million in artist royalties in past year

(Reuters) – Internet radio service Pandora Media Inc said it paid nearly $500 million in artist royalties over the past 12 months, bringing the total to more than $1.5 billion in about 10 years. “It took us nearly nine years to generate the first billion dollars in royalties, and just over a year to increase that total by 50 percent,” Chief Executive Brian McAndrews said in a statement on Wednesday. Pandora gets revenue from advertising and paid subscriptions

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Real estate data company Reis sues over alleged online report theft

NEW YORK (Reuters) – Reis Inc, a commercial real estate data provider, on Wednesday sued Armada Analytics Inc, accusing it of downloading at least 1,562 reports over three years from its proprietary subscription database without paying for them. Armada, a commercial real estate services provider specializing in mortgage debt, was accused of misappropriating login credentials to access Reis’ database online, and continuing to obtain reports through Reis subscribers after payment was demanded.

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Founder of British online retailer ASOS steps down as CEO

By James Davey LONDON (Reuters) – Nick Robertson, the founder of British online fashion retailer ASOS, has stepped down as chief executive after 15 years in which he transformed the internet start-up into a retail powerhouse with millions of fans around the world. ASOS, popular with Internet savvy twentysomethings and high-profile supporters such as British singer Rita Ora and U.S.

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Online advertising shines in sputtering Thai economy

By Khettiya Jittapong BANGKOK, (Reuters) – Unfazed by Thailand’s faltering economy, businesses are penciling in bigger budgets for digital advertising as they target Thai consumers via smartphone apps, social networking forums and video-sharing websites. Digital advertising spending this year is forecast to jump by two-thirds to a record 9.9 billion baht ($277.47 million) in Southeast Asia’s second-largest economy, according to the Digital Advertising Association (Thailand) (DAAT)

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Apparel maker Patagonia stops buying Ovis 21 wool after PETA video

The footage published on Thursday by People for the Ethical Treatment of Animals (PETA) showed the cruel treatment at farms which supplied the Ventura, California-based company with merino wool used in its base layers and insulation. Patagonia’s Chief Executive Officer Rose Marcario said in a statement the company was shocked by the video, and they were dismayed to witness such “horrifying” mistreatment.

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