Singers & Rappers Fighting Pandora Over Royalties

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(FOX NEWS) – Pandora opening a Pandora’s box in Washington over a copyright fight to slash the royalties it pays for music.  Now, the artists are fighting back.

Billy Joel and Rihanna among the more than 100 musicians writing a letter of outrage to Pandora, saying its plan would slash the payments they get by 85 percent.

Never mind these same singers have gotten zero royalty payments from old-fashioned radio stations for decades. PANDORA HAD $275 million in revenue last year.  But, it ran a loss of $20 million because royalty payments ate up over half of all revenue. Artists typically get forty-five percent of the total.

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