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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."
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.
At what point did Pandora explicitly ask the artists if they wanted their work advertising? At which point did the artists explicitly agree to Pandora advertising their works?
When you build a product which is specifically built around using other peoples works to satisfy your customers requirements, at some point you have to pay the piper - so stop with the fucking advertising "argument", Pandora is taking money from subscribers and advertisers on the back of the works of third parties, so of course there should be recompense to those third parties where those parties require recompense.