Pandora Hits $2 Billion In All-Time Royalties For Artists And Songwriters
April 18, 2016 at 6:39 AM (PT)
PANDORA has generated more than $2 billion in all-time royalties for artists and songwriters, just nine months after hitting its $1.5 billion royalties milestone.
“The rapid acceleration of royalty payments from internet radio is very promising news for the industry,” said Founder/CEO TIM WESTERGREN. “We are delighting listeners, driving discovery for new music, and creating powerful new promotional tools for musicians, all while creating a massive new revenue stream for labels and artists that has never existed before from radio. Music makers and the art they produce are the backbone of PANDORA, and I’m proud that we now play such a large role in helping them thrive and grow their careers.”