Pandora Paying Artists $0.0001 More Per Stream Than It Was Last Year

Posted by samzenpus on Monday April 27, 2015 @12:49AM from the don't-spend-it-all-at-once dept.

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."

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Incorrect. by Lumpy · 2015-04-27 01:21 · Score: 5, Informative

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.

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