AccuRadio Files for Chapter 11, Blames Royalty System
AccuRadio, a pioneering human-curated streaming music service, has filed for Chapter 11 bankruptcy protection, citing unsustainable royalty obligations and a failed legal settlement with SoundExchange, the organization tasked with collecting and distributing digital music royalties. The Chicago-based company, founded in 2000 by longtime radio and streaming advocate Kurt Hanson, reported $1 million in assets and […]
