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
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