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."

Comments

Incorrect.

[Lumpy]

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.

Re:Artists don't make money from music sales.

[tagous]

agree, wish I had mod points. https://musicbusinessresearch.... http://www.hypebot.com/hypebot... http://money.futureofmusic.org...

Commercial radio has a sweet deal

[Overzeetop]

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.