The stars praised Pandora - "We are big fans" - and celebrated the company's commercial success. But with massive growth in revenues and a successful IPO under its belt, they asked why Pandora is pushing Congress to slash musicians' pay. "That's not fair and that's not how partners work together," the open letter explains.
"These artists have joined together to tell Pandora it's time to go back to the drawing board. We all want Internet radio to succeed, but it won't if it tries to do so on the backs of hard working musicians and singers," said musicFIRST Executive Director Ted Kalo.
Internet radio companies such as Pandora are pushing Congress to pass the "Internet Radio Fairness Act," H.R. 6480/S. 3609, which could slash by 85 percent royalties paid to musicians and artists when their songs are played over Internet radio. Musicians and singers across all musical genres depend on these royalties, which are often their only compensation for their work.
"This issue is critical to the tens-of-thousands of recording artists we represent - all of whom rely on this digital performance revenue stream to make a living," said SoundExchange President Michael Huppe. "It is important that we protect artists and the long-term value of their music, which is, after all, the foundation of Internet radio."
via MFC





I love Lupe Fiasco! When I heard "The show goes on" I was hooked.
ReplyDeleteLol
ReplyDeleteWow, to think I believed Pandora was a nice organization. I remember when I first signed up, it seemed like an honest bunch of people. It's ridiculous to read this now. Not the type of people I thought would pull this move.
ReplyDeleteFuck Greed.
ReplyDeleteJust digging the grave deeper for the music industry.
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