Apparently there is a battle brewing between musicians, in accord with the musicFIRST coalition and Pandora, satellite radio, cable TV services etc & even FM radio.
The main point of contention at this point is the amount of royalties paid to musicians by Pandora. Currently Pandora (according to their finances) pay over 50% in royalties when an artists' song is played on their internet "radio" while entities such as Sirius/XM pay less than 10%. Other entities such as cable services pay even less and FM radio pays zilch.
The Internet Radio Fairness Act is intended to level the paying fields in this regards reducing the amount of royalties paid out by Pandora and others of the like.
I understand both points of views, and I am a heavy user of both Pandora and XM radio-in fact besides my own personal music collection probably 95% of the music I listen to is from these sources.
The artists on the other hand, especially in this day and age, need to bring in whatever income they can to keep making music as a main source of income. I will still argue that artists make more money on touring and merchandise than record sales but at the same time everyone can't be KISS.
Their are several links below to come to you own opinion in the matter:
Pollstar Article
Artists Open Letter
Internet Fairness Radio Act on Pandora
No comments:
Post a Comment