Pink Floyd Attack 'Ripoff' Pandora

artist: Pandora date: 06/26/2013 category: industry news

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Pink Floyd Attack 'Ripoff' Pandora
Pink Floyd have targeted Pandora in a scathing open letter which criticizes the company for trying to slash royalty rates for online radio streams. Last year Pink Floyd were among 130 bands to oppose Pandora's efforts to cut musician royalties, which helped stop their efforts at congress to reduce royalties. However, Pandora is bouncing back by trying to enlist independent musician support with a petition to support digital radio - without mentioning that they will use the petition to help them cut royalty rates by 85%. "The petition doesn't mention that Pandora is pushing the growth of its business directly at the expense of artists' paychecks," write Pink Floyd in USA Today. "Fine print is one thing. But a musician could read this "letter of support" a dozen times and hold it up to a funhouse mirror for good measure without realizing she was signing a call to cut her own royalties to pad Pandora's bottom line." Despite these criticisms, Floyd suggest that there's still room for Pandora and musicians to find some common ground. "Artists would gladly work with Pandora to end AM/FM's radio exemption from paying any musician royalties a loophole that hurts artists and digital radio alike," say the band in one example. Pink Floyd's letter echoes the sentiments of many musicians, but one industry observer thinks the band might have an ulterior motive for publishing their letter:
Have you been duped by Pandora? What's your view on the rates that musicians are paid from online streams? Let us know what you think in the comments.
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More Pandora news:
+ 50 Million Pandora Streams Earns Artists About $3,000, Reports Reveal Industry News 12/20/2014
+ Pink Floyd Are Wrong, Claims Pandora Industry News 06/28/2013
+ Pandora Restrict Mobile Streaming Industry News 03/01/2013
+ Pandora Reveals Artist Royalty Rates Industry News 10/10/2012
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