Web streaming is quickly becoming the preferred method for listening to music in this country. And Pandora, with more than 70 million active listeners and about a 70 percent market share, is by far the nation’s most popular service.
That’s why we’re deeply troubled by the pitifully low royalty Pandora pays to songwriters, composers and music publishers for the rights to stream their creative works online.It makes sense that one of Pandora’s core input costs should be royalties paid to the creators of the music they stream.
But right now, Pandora only pays about 4 percent of their annual revenue in performance rights royalties to songwriters, composers and music publishers.
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