The web radio service's filings show that over half of its revenue (approximately $45 million) was used to pay copyright owners, an amount so high that it expects to have a virtually non-existent profit margin through to 2012. Though the company has grown in the past year and copyright fee expenditures don't represent as large a chunk of the earnings as last year (when it was 60%), concern remains over its ability to make ends meet.
Royalty payments are principally made to: SoundExchange (which receive 45 of Pandora's revenue alone), BMI, ASCAP, and SESAC.
The company is also looking to "go global" but has encountered problems, as its business model is based on US copyright laws.
Films by Hitchcock, books by Virginia Woolf and Picasso's Guernica--just to name a few--are some of the works that are no longer readily accessible to the public. In a new case, Golan v. Holder, orchestra conductors, teachers and film archivists, are fighting for the right to perform, adapt and distribute creative works that they relied on for years without having to consider copyrights and their respective fees. Should these famous works be returned to the public domain?
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