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November 15, 2012
07:19 EDTPArtists oppose "Internet Radio Fairness Act" in open letter
125 artists, including 40 GRAMMY winners, are "opposing new cuts to artists' pay" that would come from the "Internet Radio Fairness Act," according to a statement yesterday from musicFIRST, a musician group. Common, Dead Kennedys, Missy Elliot, Vince Gill, Don Henley, Billy Joel, Maroon 5, Martha Reeves, David Sanborn, Michael W. Smith, and Roger Waters are among the artists named in an open letter posted on the group's site that will also be published in this weekend's Billboard Magazine. Internet radio companies such as Pandora are pushing Congress to pass the "Internet Radio Fairness Act," H.R. 6480/S. 3609, which could slash by 85 percent royalties paid to musicians and artists when their songs are played over Internet radio, the group said. Reference Link
News For P From The Last 14 Days
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June 29, 2015
08:38 EDTPConcerns over Pandora competition significantly overdone, says Sterne Agee CRT
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June 28, 2015
14:24 EDTPApple Music 'unlikely to move earnings needle,' Barron's says
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June 25, 2015
08:49 EDTPPandora music business progressing nicely, says Canaccord
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June 24, 2015
09:30 EDTPGoogle competing with itself after unveiling free music service, Bloomberg says
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June 23, 2015
12:08 EDTPPandora down 1% after Google launches free music service
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12:05 EDTPGoogle launches free, ad-supported music service in U.S.
Google (GOOG) announced via a blob post that Google Play Music now has a "free, ad-supported version" in the U.S. It stated, "Our team of music experts, including the folks who created Songza, crafts each station song by song so you donít have to. If youíre looking for something specific, you can browse our curated stations by genre, mood, decade or activity, or you can search for your favorite artist, album or song to instantly create a station of similar music." Shares of Pandora (P) ticked lower following Google's announcement.

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