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Posts tagged "pandora"
For over two thousand artists Pandora will pay over $10,000 dollars each over the next 12 months (including one of my favorites, the late jazz pianist Oscar Peterson), and for more than 800 we’ll pay over $50,000, more than the income of the average American household. For top earners like Coldplay, Adele, Wiz Khalifa, Jason Aldean and others Pandora is already paying over $1 million each. Drake and Lil Wayne are fast approaching a $3 million annual rate each.
There’s money in streaming on-demand radio after all. There’s a bit of clarification via Venture Beat about this whole payout thing though.
Three internet stocks now trading at less than ten bucks: Pandora at $9, Groupon at $7, Zynga at $3. Down from peaks of $37, $32, $16.
— DHH (@dhh) July 25, 2012
