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wstrahan

Pink Floyd: Pandora's Internet radio royalty ripoff - 0 views

www.usatoday.com/...2447445

pandora internet radio royalties ripoff

shared by wstrahan on 08 Jul 14 - No Cached
  • The latest example is how Pandora is pushing for a special law in Congress to slash musicians' royalties – and the tactics they are using to trick artists into supporting this unfair cut in pay.
  • We hope that many online and mobile music services can give fans and artists the music they want, when they want it, at price points that work. But those same services should fairly pay the artists and creators who make the music at the core of their businesses.
  • Nearly 90% of the artists who get a check for digital play receive less than $5,000 a year. They cannot afford the 85% pay cut Pandora asked Congress to impose on the music community.
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  • Last year, we joined over 130 other bands and artists to oppose Pandora's campaign to cut the royalties paid for digital radio spins.
  • We've heard Pandora complain it pays too much in royalties to make a profit. (Of course, we also watched Pandora raise $235 million in its IPO and double its listeners in the last two years.) But a business that exists to deliver music can't really complain that its biggest cost is music.
  • Netflix pays more for movies than Pandora pays for music, but they aren't running to Congress for a bailout.
  • Everyone deserves the right to be paid a fair market rate for their work, regardless of what their work entails.
wstrahan

Literature Resource Center - Document - 0 views

go.galegroup.com.proxy.library.vcu.edu/ps/retrieve.do?sgHitCountType=None&sort=RELEVANCE&inPS=true&prodId=LitRC&userGroupName=viva_vcu&tabID=T006&searchId=R1&resultListType=RESULT_LIST&contentSegment=&searchType=AdvancedSearchForm&currentPosition=11&contentSet=GALE%7CA334728115&&docId=GALE|A334728115&docType=GALE&role=LitRC

pandora royalties internet radio

shared by wstrahan on 08 Jul 14 - No Cached
  • Morgan's an independent musician and his song "Better Angels" was among a number of his songs that got some 28,000 plays on Pandora.
  • The song earned $1.62 in royalties over a 90-day period on Pandora, which is a very typical rate.
  • Pandora, which is the number one Internet radio service, saw over $125 million in revenue last quarter, 55 percent more than the year before. But the company still isn't profitable in part because it pays over 60 percent of its revenues to acquire music.
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  • But the future is clearly in Internet radio services like Pandora. According to a survey by the NPD Group, people under 35 spent a quarter of their listening on the Internet in 2012 - that's up 17 percent from the year before. Time spent listening to radio went down 2 percent. At the same time, people are purchasing less music.
perezmv

My Song Got Played On Pandora 1 Million Times and All I Got Was $16.89, Less Than What ... - 0 views

thetrichordist.com/...ake-from-a-single-t-shirt-sale

artistsmakingmoney musicians money profit artistsgettingcash

shared by perezmv on 27 Jun 14 - No Cached
  • As a songwriter Pandora paid me $16.89* for 1,159,000 play of “Low” last quarter.  Less than I make from a single T-shirt sale.  Okay that’s a slight  exaggeration.  That’s only the premium multi-color long sleeve shirts and that’s only at venues that don’t take commission.  But still.
  • Soon you will be hearing from Pandora how they need Congress to change the way royalties are calculated so that they can pay much much less to songwriters and performers. For you civilians webcasting rates are “compulsory” rates. They are set by the government (crazy, right?). Further since they are compulsory royalties, artists can not “opt out” of a service like Pandora even if they think Pandora doesn’t pay them enough. The majority of songwriters have their rates set by the government, too, in the form of the ASCAP and BMI rate courts–a single judge gets to decide the fate of songwriters (technically not a “compulsory” but may as well be).  This is already a government mandated subsidy from songwriters and artists to Silicon Valley.  Pandora wants to make it even worse.  (Yet another reason the government needs to get out of the business of setting webcasting rates and let the market sort it out.)
  • get an actual business model
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  • Right now Pandora plays one minute of commercials an hour on their free service. Here’s an idea!  Play two minutes of commercials and double your revenue!
perezmv

DailyTech - Pandora Increases Monthly Subscription Fee, Kills Off Annual Subscription O... - 0 views

www.dailytech.com/...article34555.htm

Pandora profit advertising memberships advertisingversusmemberships companyproceeds

shared by perezmv on 27 Jun 14 - No Cached
  • According to Pandora's blog, new Pandora One users will see a price increase from $3.99 to $4.99 per month come May 2014. Existing customers, however, will stay locked into the $3.99 per month price for now
  • "Over this same period, the costs of delivering this service have grown considerably. For example, the royalty rates Pandora pays to performers via SoundExchange for subscription listening have increased 53% in the last five years and will increase another 9% in 2015."
wstrahan

Literature Resource Center - Document - 0 views

go.galegroup.com.proxy.library.vcu.edu/ps/retrieve.do?sgHitCountType=None&sort=RELEVANCE&inPS=true&prodId=LitRC&userGroupName=viva_vcu&tabID=T006&searchId=R1&resultListType=RESULT_LIST&contentSegment=&searchType=AdvancedSearchForm&currentPosition=3&contentSet=GALE%7CA290630533&&docId=GALE|A290630533&docType=GALE&role=LitRC

Spotify piracy music

shared by wstrahan on 08 Jul 14 - No Cached
  • Sam Rosenthal, who's the founder of a label called Project Records
  • iTunes and the other music players have had in the past; buying to own
  • Spotify really is changing here is we're talking about access to music.
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  • if they really like it they will share it and their friends will discover it and they in turn will listen to it
  • Daniel Ek is the founder and CEO of the music streaming service Spotify
  • But again, what I sort of emphasize that we're paying the labels. We don't pay the artists directly.
  • What we're really trying to do here is move people away from piracy into a legal model that contributes revenue back to the music industry.
  • Yeah, I do want to address that because I feel that it's important to mention that it's still early days and Spotify's only two years in using the service, almost three. But in that short period of time now we've become the second largest revenue generator for the labels in Europe and we've paid out more than a 150 million dollars back to the music industry.
  • He recently wrote on his blog that 5,000 plays on Spotify generates a little more than six dollars, and in comparison 5,000 track downloads at iTunes generates for him $3,400. I mean, it's a big gap there.
  • I definitely think that we want to have access and that's the big shift here, but I do think that ownership still plays an important role. You do want to own the things you really care about.
  • At the same time one of the big criticisms that we've heard from artists is that the royalties that they get from Spotify are so low that it might as well be piracy.
  • I think if you keep creating great music people will in fact listen to it and they will in fact buy it if they think it's a great record.
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