Statement on Pandora: New CEO is an Opportunity to Mend Fences with Songwriters
FOR IMMEDIATE RELEASE / March 11, 2013
Statement from David Israelite, NMPA President and CEO, to Pandora New CEO on Opportunity to Mend Fences with Songwriters
“Pandora’s recent announcement that CEO Joe Kennedy is stepping down and it will begin a search for a successor provides an opportunity for the online music company to mend fences with the songwriting community.
Songwriting is essential to Pandora’s business model, yet currently they only pay approximately four percent of their revenue to the songwriters who create the music that listeners enjoy. Pandora is suing to reduce that four percent to an ever lower amount. This compares to the roughly 50 percent Pandora pays to record labels and artists. The four percent Pandora pays is unfair and must change. In other areas of the music business, songwriters and music publishers often earn the same amount that is paid to record labels and artists.
I wish Mr. Kennedy the best, but a new CEO could go a long way toward creating a true business partnership with the music industry by addressing this issue and respecting the contribution of songwriters.”
About the NMPA
Founded in 1917, the National Music Publishers’ Association (NMPA) is the trade association representing American music publishers and their songwriting partners. The NMPA’s mandate is to protect and advance the interests of music publishers and songwriters in matters relating to the domestic and global protection of music copyrights.