12-22-15
This is a pretty big deal here due to the confrontational relationships Pandora has had with the world’s leading performance Rights Organizations, especially BMI. And as a result of this deal, Pandora is dropping its appeal of the recent BMI rate court decision. ASCAP and BMI have a combined catalogue of over 20 million musical works. ASCAP CEO Elizabeth Matthews said, “This agreement is good news for music fans and music creators, who are the heart and soul of ASCAP, and a sign of progress in our ongoing push for improved streaming payments for songwriters, composers and music publishers that reflect the immense value of our members’ creative contributions.”
“We’re extremely pleased to reach this deal with Pandora that benefits the songwriters, composers and publishers we are privileged to represent,” said Mike O’Neill, President and CEO, BMI. “Not only is our new agreement comparable to the other direct deals in the marketplace, but it also allows us to amicably conclude our lengthy rate court litigation and focus on what drives each of our businesses – the music.”
“At Pandora we are delivering on our commitment to ensure that music thrives,” said Brian McAndrews, chief executive officer of Pandora. “These collaborative efforts with the leading
Performance Rights Organizations, as well as our recent direct deals with several music publishers demonstrate our progress in working together to grow the mus
