Lots of chatter overnight about Pandora’s announcement of an “unprecedented” licensing deal with publisher Sony/ATV. Even if the precedent is a previous licensing deal with Sony/ATV in January 2013.
Naturally, the terms of the new agreement are under wraps – at least until the agreement leaks – with Pandora merely describing it as creating “business benefits for Pandora, while modernising compensation for Sony/ATV and its songwriters in the US… Sony/ATV achieved its goal of delivering improved performance royalties for its songwriters while Pandora will benefit from greater rate certainty and the ability to add new flexibility to the company’s product offering over time.”
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