Pandora Responds To Pink Floyd Regarding Royalties

Pandora has responded to an op-ed written for the USA Today by Pink Floyd regarding their shrinking royalty rates. If you ask Pandora, Floyd's claims stem from a misunderstanding.

"Unfortunately, they have been given badly misleading information - the result of a well-orchestrated campaign by the RIAA and their lobbying arm to mislead and agitate artists," reads a press release from the streaming music site.

"A glaring example is the assertion that Pandora supports an '85 percent artist pay cut.' That is simply not true."

In the same statement, Pandora also takes the time to send some praise Pink Floyd's way, saying they have "enormous respect for the members of Pink Floyd and their amazing artistic contributions" as well as "the genuineness of their opinion."

Copyright(c) 2013 All Rights Reserved