Keep Your Hands Off My Stack
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.
– Roger Waters, David Gilmour and Nick Mason of Pink Floyd, writing in USA Today about Pandora’s push to slash artists’ royalties by up to 85 percent