Now is the right time to become an American Federation of Musicians member. From ragtime to rap, from the early phonograph to today's digital recordings, the AFM has been there for its members. And now there are more benefits available to AFM members than ever before, including a multi-million dollar pension fund, excellent contract protection, instrument and travelers insurance, work referral programs and access to licensed booking agents to keep you working.
As an AFM member, you are part of a membership of more than 80,000 musicians. Experience has proven that collective activity on behalf of individuals with similar interests is the most effective way to achieve a goal. The AFM can negotiate agreements and administer contracts, procure valuable benefits and achieve legislative goals. A single musician has no such power.
The AFM has a proud history of managing change rather than being victimized by it. We find strength in adversity, and when the going gets tough, we get creative - all on your behalf.
Like the industry, the AFM is also changing and evolving, and its policies and programs will move in new directions dictated by its members. As a member, you will determine these directions through your interest and involvement. Your membership card will be your key to participation in governing your union, keeping it responsive to your needs and enabling it to serve you better. To become a member now, visit www.afm.org/join.
October 28, 2015IM -
Pandora Reaches Settlement with Labels —Internet radio service Pandora announced a $90 million settlement with three major record labels—Sony, Universal, and Warner—over royalties for older songs. The settlement follows a similar $210 million deal between the labels and Sirius XM back in June.
Pandora was sued last year for nonpayment of recording royalties for older (pre-1972) songs. “Major settlements with Sirius XM and now Pandora means that an iconic generation of artists, and the labels that supported them, will be paid for the use of their creative works,” Cary Sherman, the chief of the Recording Industry Association of America, says in a statement.
Pandora and Sirius XM still face class action suits from former band members of the Turtles, as well as problems with music publishers in regards to songwriting copyrights. Pandora says it was taking a $23.9 million charge in its third-quarter results, representing the difference between the rates it had wished to pay and its deals with the licensing agencies ASCAP and BMI.
For its third quarter, Pandora reported its revenue had increased 30% from a year ago to $311.6 million. However, its label settlement and write-down of royalties contributed to a net loss of $85.9 million, compared with a loss of a little more than $2 million last year.