Pandora announced this week that it is going to making some significant changes to its Pandora One subscription service over the next couple of months. Most notably, it's going to be raising the monthly subscription cost and eliminating the annual option.
Citing rising licensing costs, Pandora says that it's raising its 'One' fee from $3.99 per month to $4.99 per month, and taking away the discounted annual plan altogether. The company says that royalty rates it pays to artists have increased 53% since it began...