HardOCP News
[H] News
- Joined
- Dec 31, 1969
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I know $0.0001 doesn't sound like much but it really does add up...after a few billion streams.
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.