Billboard: No Deal Reached For DIMA, SoundExchange

Billboard is reporting No Deal Reached For DIMA, SoundExchange:

The fact that the two parties did not reach a settlement comes as somewhat of a surprise. In the weeks leading up to the deadline, representatives from both parties expressed confidence a deal was imminent. However that changed early in the week, prior to the deadline, when talks fell apart during a conference call with all involved, according to sources. Exactly what issue sparked the fallout is unclear.

Doesn't this always happen at the last minute with SoundExchange negotiations with the internet broadcasters, both small and large?

"Pandora has threatened to shut down completely if it was forced to pay the full royalty rates, which raised the fees due to SoundExchange and other rights holders in some cases by 300%. RealNetworks previously said it would consider severely limiting the streaming radio options currently available to subscribers."

While I still don't think Pandora will completely shut down, they'll have to drastically change their service to a paid subscription service or one with audio ads every 2-3 songs.