Posted by Mike McCready | February 11th, 2015 | No responses
Today in Manhattan, pioneer streaming giant Pandora is set to meet licensing agency BMI in court to settle a dispute over current royalty rates. The trial will determine how much Pandora pays BMI’s songwriters and music publishers to stream their songs. According to the New York Times, Pandora currently pays BMI 1.75 per cent of its revenue, but wants to reduce that to 1.7 per cent to match that paid by most radio stations.
Mike McCready is an entrepreneur at the crossroads of music and technology. He pioneered the introduction of Hit Song Science into the music industry and followed up with Music Xray, the company he co-founded and serves as CEO. His companies have been the subject of case studies at Harvard Business School, IESE and he frequently guest speaks at many of the top business schools around the world. He helps the music industry identify high potential songs and talent and helps musicians get deals, get fans, & get better: http://musicxray.com