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Pandora Paying Artists $0.0001 More Per Stream Than It Was Last Year
journovampire writes: Pandora has revealed that it's paying a 10,000th of a dollar more to music labels and artists than it was in 2014. From the article: "Pandora has revealed that its royalty payments to SoundExchange, the US licensing body which collects performance royalties on behalf of record labels and artists, have just increased by 8%. The news was confirmed in a call with investors following Pandora’s Q1 fiscal results announcement on Thursday (April 23), in which it posted a three-month net loss of $48.3m. In what Pandora CEO Brian McAndrews called a scheduled annual step-up, Pandora has from January 1 been paying out an average $0.0014 per ad-funded stream and $0.0024 per premium stream to SoundExchange."
Why should they pay to provide free advertisement of the artists music?
The artists should be paying them to carry their music...
the artists are gonna be rich now and we won't be able to control them!
to be honest, that is $0.0001 more than I'm paying them for their music.
.. I'm never going to buy any music.
I'd send money directly to artists, tho.
Population of Earth: 7 billion
# of people who use Pandora: Lets assume a generous 1% of all humans, so 700,000,000 users (Probably nowhere near that).
So is every single Pandora user streams your song just once, you get $980,000 as an artist from the ad funded stream. 1,680,000.00 if they where all subscriptions.
Seems to me digital delivery has not gotten rid of the middle man, in fact it seems like it shifted the lions share of profit to them.
They never really have. Middlemen who constantly keep them relevant with advertising, publish/distribute their music, etc. make all of that money.
Artists make money by going on tour, and by using their fame to get into other business ventures. They don't bank on Pandora making them money, because of Pandora paid more, the middlemen would get that money. All Pandora does is keep them relevant.
Pandora is paying record labels via ASCAP and BMI that much more. Artists are probably getting less because the record labels and ASCAP/BMI are charging an extra processing fee.
The artists only lose because of the leeches that grab onto them and suck them dry.
Do not look at laser with remaining good eye.
....that's 100% more than radio stations are paying to play the same songs.
-Styopa
If they allowed subscriptions from anywhere in the world, then they would be able to pay more to the collection societies (and indirectly to the artists).
Are there any good alternatives for musical artists who want to make money off their work, want to embrace technology (vs fight it) and don't already have a massive audience like Radiohead? If you have that audience, asking people to "pay what you want" seems to work (and really well). But it seems like an entire revenue stream (music sales) is drying up in favor of tours. That doesn't bode well for artists, or for fans who want to see affordable live music. But it seems like the demand is there, and people will buy music if there is any easy way to do so. So is there a middleman who doesn't suck up most of the profit?
Since most of the artists I listen to on streaming services are dead, should they be paying me?
You are welcome on my lawn.
Pandora's MAKING IT RAIN! Just do that dance 1000 more times and I'll give you a penny!
I'm trying to teach myself to set people on fire with my mind... Is it hot in here?
.
The money trail in the music industry is long, crooked and complex. Unless you are a big enough act that the records companies accept the contract you write, the only money you will see appears in your upturned hat.....
How much of the money Sound Exchange collects goes to the artists, how much of the money Sound Exchange collects goes to music publishers? How much of the money Sound Exchange collects goes to song writers?
.The money trail in the music industry is long, crooked and complex. Unless you are a big enough act that the records companies accept the contract you write, the only money you will see appears in your upturned hat.....
How much money does SoundExchange keep for itself? I bet they aren't doing this for free.
Radio stations pay exactly zero to the performing artists. What they pay are royalties to the songwriters. And compared to Pandora, those rates are insanely low per "stream" - i.e. per event coming out of a receiver. They may be paying $0.60-$1.00 a spin at a large metro station, but with 100,000+ average listeners for a top-of-market station, that's less than 1/10 of what Pandora pays.
Is it just my observation, or are there way too many stupid people in the world?
You should pay more, didn't you know. Without an and increase in copyright royalties, those dead authors will have no incentive to write any new songs.
I mean, have you heard anything new from those dead songwriters since internet streaming took off? Of course not - that's proof that the royalties aren't high enough to make it worth their while.
Is it just my observation, or are there way too many stupid people in the world?
I thought that was Liam Neeson's line in every "Taken" movie.... ;)
Lars owes him money if he uses it
As my grandpa would say, when he gave me a quarter:
"Try not to spend it all in one place."
He thought it was hilarious.
(This was circa 1975, admittedly. Back when a quarter could still buy something of value.)
I can see the fnords!
A hundredth of a penny spent actually paying the artists is a hundredth of a penny wasted? Spoken like a true record company executive.
It's more of a raise than most people got, so stop bitching.
instead of over the internet, they would pay $0.000000. Hell, the labels might even want to pay them for airtime.