The company’s efforts to create an Internet radio service to compete with Pandora has been delayed by licensing negotiations with music companies, according to a number of people briefed on the talks.
Access Industries, a holding company owned by Len Blavatnik, the Russian-born billionaire investor, is one of several parties investing $60 million in Daisy, a planned service by Beats Electronics, Beats announced late Tuesday.
In a blog post on Wednesday, Tim Westergren, the founder and public face of Pandora, said that a limit of 40 hours a month on mobile devices would take effect this week for its free service.
For those who have seen the industry’s optimism dashed before, an upbeat report on Tuesday by its global trade body, the International Federation for the Phonographic Industry, brought hope and skepticism.
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