MH

MH

Wednesday, June 26, 2013

There is a Pandora war brewing

And Pink Floyd is leading the charge for the musicians side. According to Pandora they pay too much in royalties to make a profit and would like to reduce royalities by 85% even going so far as to ask artists to support this (in an apparently "deceptive" move). According to the artist they aren't making shit anyways. The crux of the argument is pretty much summed up in the statement below.

"We've heard Pandora complain it pays too much in royalties to make a profit," adds the members of Pink Floyd. "(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.You don't hear grocery stores complain they have to pay for the food they sell.

More info below:






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