Modi trip gives Facebook, Google chance to press on Indian expansion

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Indian Prime Minister Narendra Modi's trip this weekend to Silicon Valley gives Facebook and Google the chance to press him on issues that have bedeviled them in that country, a market they see as vital to their aggressive global expansion. For Facebook and Google, India is a crucial market. With 1.3 billion people, it is the world's second most-populous country – and they are blocked from China, the most populous, making success in India even more critical for their global growth.

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Pandora says has paid $500 million in artist royalties in past year

(Reuters) – Internet radio service Pandora Media Inc said it paid nearly $500 million in artist royalties over the past 12 months, bringing the total to more than $1.5 billion in about 10 years. “It took us nearly nine years to generate the first billion dollars in royalties, and just over a year to increase that total by 50 percent,” Chief Executive Brian McAndrews said in a statement on Wednesday. Pandora gets revenue from advertising and paid subscriptions

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