People Who Are Addicted To Music
Roger Waters, David Gilmour and Nick Mason of Pink Floyd have authored an op-ed in USA Today that accuses the Internet radio giant Pandora of mistreating musicians. “Signing a confusing petition without explaining what they are really being asked to support only poisons the well,” they wrote, referring to a bill introduced to Congress they say will reduce royalties by 85% for musicians whose work is listened to on Pandora.
While the three legendary musicians remain sure of their own financial futures, they have described their opposition to Pandora as “a matter of principle.” Emphasizing the need for an even-handed partnership between musicians and distributors in the new economy, Waters, Gilmour, and Mason say it’s unfair for Pandora to describe themselves as underdogs who are merely trying to keep moving.
“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. You don’t hear grocery stores complain they have to pay for the food they sell.”