Tuesday April 28, 2015

Pandora Is Now Paying Out $0.0001 More Per Stream

I know $0.0001 doesn't sound like much but it really does add up...after a few billion streams. wink

The news was confirmed in a call with investors following Pandora’s Q1 fiscal results announcement on Thursday, in which it posted a three-month net loss of $48.3m. In what Pandora CEO Brian McAndrews called a "scheduled annual step-up", Pandora has from January 1 been paying out an average $0.0014 per ad-funded stream and $0.0024 per premium stream to SoundExchange.