Has Pandora Found The Formula For Success?
40 million users
$50 million in revenue
$30 million royalty payments
35,000 new iPhone app subscribers daily
via CNN
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Where do Pandora’s royalty payments get sent through?
Joe P,
Direct to rights holders and via SoundExchange, I believe
Yeah Pandora is a workable model. I have been watching Pandora for a while. However, my experience is that as a user of Pandora, I will start with a more obscure artist and inevitably end up with main stream stuff that I didn’t want to hear. I wish they would do that the other way around. I wish they would push me toward the end of the long tail, not the head.
Tom Siegel
http://www.indieleap.com