'American Idol' Scotty McCreery Sued By Former Manager

THR, Esq. Entertainment & Media Law Blog

Todd Cassetty claims he''s owed a percentage of gross profits for five months of managing the season 10 winner. McCreery responds: "There is no truth to these allegations." read more. Music THR, Esq. American Idol Scotty McCreery Idol Worship

Pandora’s Shell Game with Royalty and Revenue

Music Technology Policy

Gross profit (revenue minus all costs directly related to sales, like royalties) is really going gangbusters. So notice–while income grew 215% from 2013 to 2014, and gross profit grew 300% over the same period, what happened to SG&A?

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Rate Court is Over: Pandora Caves, Signs Licenses with ASCAP and BMI, Drops Appeal

Music Technology Policy

Good news for Pandora stockholders, too–maybe Pandora’s “Selling, General and Administrative” Income Statement line will start going down instead of tripling and net profits will start going up.

SNAFU: Poor Quality Reporting on Pandora Financials

Music Technology Policy

But Pandora “has never turned a profit” Nobody mentions the fact that Pandora has actually managed to do pretty well on the revenue side–over $1 billion in the last 12 months with a gross profit over $400 million. So why can’t Pandora “turn a profit”, meaning a net profit? We’ll have more on the quirky CRB decision shortly, but let’s get something out of the way about the reporting.