Pink Floyd pulls out of Pandora

[AdamJoshua]

She isn't happy about it either...

Pink Floyd is the latest band to pull their music from Pandora due to legislation Pandora is trying to push through congress, mainly a huge pay cut for artists. P.Floyd had the following op ed piece printed below, it's fairly long so I'll just post a link. Basically Pandora is looking to cut the average artists royalty by 85%.

We've heard Pandora complain it pays too much in royalties to make a profit. (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. Netflix pays more for movies than Pandora pays for music, but they aren't running to Congress for a bailout. Everyone deserves the right to be paid a fair market rate for their work, regardless of what their work entails.

We're not saying that the music business is perfect or that there is no room to compromise. 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.

http://www.usatoday.com/story/opinio...olumn/2447445/