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April 27, 2015 02:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/EiF4sTOANNs/pandora-paying-artists-00001-more-per-stream-than-it-was-last-year
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."Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/EiF4sTOANNs/pandora-paying-artists-00001-more-per-stream-than-it-was-last-year
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