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That seems more than I expected? Then again, don't quite know what the going for streaming revenue is.
by simondlr 14y ago
That seems more than I expected? Then again, don't quite know what the going for streaming revenue is.
- alexshipillo 14y agoYes, it's way more than I expected. I wonder how sustainable it is...
- earbitscom 14y agoIt's not. That's why Pandora is fighting for their life right now. They can't get big investors to keep backing them until they get the law changed. They're in very deep.
- waterlesscloud 14y agoI wonder if it's the amount that gets paid to the label, and then the artist gets a fraction of that?
- rationalbeats 14y agoNo it is sent to Soundexchange, and is split 50/50 with artist and label. It is the performance royalty. It is a different royalty than publishing royalty which is BMI/ASCAP and those monies are sent directly to the label and they decide how to dole it out. FYI terrestrial radio pay's 0% of revenue for performance royalties, Satellite Radio pays about 8% of revenue and Pandora pays around 50% This unfair system of royalty payments were set up by the RIAA mafia in the mid 90's to discourage Internet radio since it would be a direct competitor to the old guard. That is why there is current legislation introduced 4 weeks ago to bring parity to the royalty system. Why should a song that is played on FM radio pay a different set of royalties than one played on Satellite or one streamed on the Internet? I personally have received several checks from internet streaming, for some big hit songs I played on as a session musician, yet those same songs, which were played tens of millions of times on terrestrial radio, paid me NOTHING, because terrestrial radio does not pay performance royalties.