Hayley Tsukayama, writing for The Washington Post:

The Copyright Royalty Board raised the rates that Pandora and other online radio services must pay for the right to stream songs on Wednesday, sending Pandora’s shares on a wild ride in after-hours trading.

The little-known CRB — a panel of three judges who determines how much artists get paid when their songs are played by radio stations and Web-streaming music services — said that companies such as Pandora will have to pay 17 cents for every 100 plays of a song in 2016. That’s more than the 14 cents the company had been paying. But it’s not as high as the 25 cents that had been requested by digital rights advocates such as SoundExchange.

As to Apple:

The ruling by the copyright board will not apply to all streaming music firms equally. Spotify and Apple Music are not affected by the decision because they use a different model for negotiating rights — letting users choose their own songs, rather than having an algorithm pick tunes based off of a user’s preferences.

Interesting. If you are having trouble sleeping, here’s a link to the document that lays all the rules out.