Pink Floyd pulls out of Pandora

[AdamJoshua]

Originally Posted by T.G

That $5k is after the recording label gets their cut, which is huge.

A lot more than 5k is being paid out, the artists are getting screwed on the trickle down because typically they get very little from sales and broadcast royalty revenue. Bands like Pink Floyd own most, if not all, of their song rights, so they get the fat check, not the label.

I believe the point they (Pink Floyd) are trying to make is that Pandora now wants to cut 85% of that 5K out saying they, Pandora, aren't making enough money, on the surface at least it would appear that Pink Floyd are sticking up for the little guy. Sure they are also looking out for themselves but they are hardly pulling a Metallica here.

The statement is 90% of the acts are getting that 5K range, I'm sure the rest of them are the bands that own the rights to their own music and do quite a bit better, not sure how much but certainly not 5 grand.

Personally I like to see the big guns sticking up for the smaller acts, whether they are secretly being selfish money grubbing slime, at least on the surface they are putting a good face on it and they might be able to do some good for the smaller guys in a reverse collateral damage sort of way.

Edit: Right back on.