iTunes Chart-Toppers (a/o May 22nd):
Re: My Song Was Played 3.1 Million Times on Pandora. My Check Was $39...
So many of my artists are seeing thousands of dollars from Pandora royalties paid thru to SoundExchange. What many people seem to forget is that this math above is referring to what a co-writer is receiving for their share of publishing royalties, which are negligible from Pandora.
The MASTER royalties from Pandora/SoundExchange are FAR HIGHER than what is being discussed above. Not to sound like a spokesperson for Pandora (I'm not), but Pandora is currently paying out roughly 55% of its income toward artist/label royalties; SiriusXM is paying out 7%; and terrestrial radio is paying out 0% to the performers/master rights holders. A lot of folks on this board need to take a basic math class or look at a mid-size artist's SoundExchange statement. Real $ is coming in, and personally, I'd rather not strangle the golden goose that is Pandora. If Pandora were to pay a lower rate of say 40% rather than 55% and be ensured of long term fiscal health, then great. I'd much rather see SiriusXM's royalty rate increased, and see terrestrial radio start to pay royalties to master rights holders.
Pandora is not the enemy, people....
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