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125 high profile musicians such as Billy Joel and Katy Perry fight Pandora over compensation

By Gina DIFalco,

Musicians such as Rihanna and Billy Joel are fighting Pandora over getting compensated for the music streaming service playing their songs.

A group of A-list musicians, approximately 125 of them, have penned an open letter to Pandora Media Inc, asking them not to change how artists get paid for allowing the use of their songs.

According to Reuters, Pandora is lobbying the "Internet Radio Fairness Act,” which would see substantial cuts to the royalties the company pays to stream music over the Internet.

The letter, called “A Musicians’ Perspective On Pandora,” asks “Why is the company asking Congress once again to step in and gut the royalties that thousands of musicians rely upon? That's not fair and that's not how partners work together.”

They also state in the letter, “We are big fans of Pandora. That’s why we helped give the company a discount on rates for the past decade,” Forbes reports.

“Congress has many pressing issues to consider, but this is not one of them. Let’s work this out as partners and continue to bring fans the great musical experience they right expect,” they also say in the letter.

Other artists who signed the letter are Katy Perry, Sheryl Crow, Pink Floyd, Blondie, Amy Grant, Megadeth, CeeLo Green, Ted Nugent and more.

Pandora is mostly supported by advertising and in October, they revealed their radio listening in the U.S. was up 4 percent from last year.

 

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