Not the most surprising headline you’ll read this week, in fairness. Sony/ATV chairman and CEO Martin Bandier remains unimpressed with streaming payouts, with his latest criticism coming in an internal memo celebrating Sony/ATV songwriters’ Grammy nominations. Bandier gave figures: $3,400 of publisher and songwriter royalties for 55m streams of John Legend’s ‘All of Me’ on Pandora in the first three months of 2014, and $2,700 for 43m plays of Pharrell Williams’ ‘Happy’ in the same period. “At current rates one million plays of a song on Pandora typically translates to only approximately $60 in royalties shared between the songwriters and publishers,” wrote Bandier. “This is a totally unacceptable situation and one that cannot be allowed to continue.” But Spotify is also a target for his ire. “While the number of streams on market leader Spotify’s ad-supported, free service has grown by more than 70% in the past year, the royalties for songwriters and publishers have not come close to keeping pace with this growth,” wrote Bandier. “I will not rest until the present system is reformed to allow this to happen.”
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Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…