Pandora wins court battle with music publishers

Sep 18, 2013

Internet radio leader Pandora has won a court battle with the music publishing society known as ASCAP (AZ-cap) that could help it lower its royalty payments.

Pandora pays 4.3 percent of its revenue in songwriter royalties to groups including ASCAP, which distributes them to major publishers like Sony/ATV and Warner/Chappell. Starting two years ago, major publishers began to withdraw rights from Pandora, forcing it to reach separate deals.

Judge Denise Cote's ruling in a in New York on Tuesday said such withdrawals violate the conditions ASCAP has acted under since a 1941 agreement to prevent .

ASCAP says the ruling does not undermine its position that songwriters should be paid fairly by Pandora, an issue to be addressed in a December trial.

Explore further: Pandora Media to issue new stock; shares fall

4 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Pandora loss shrinks as revenue rises

Aug 29, 2012

Internet radio firm Pandora on Wednesday reported that its revenue climbed in the recently-ended quarter but that it still lost money due in large part to royalties paid out for songs.

Pandora reports profit, but stock is hammered

Dec 04, 2012

US Internet radio firm Pandora Media came under pressure Tuesday after reporting a modest profit and strong revenue growth, but offering disappointing guidance for the coming quarter.

Recommended for you

User comments : 0