Pandora Ordered to Pay Higher Royalty Rate Through 2016
By ETCentric
June 1, 2015
June 1, 2015
New York Judge Louis Stanton has ruled that music streaming service Pandora must pay BMI a royalty of 2.5 percent of revenue through next year. The new figure represents a 43 percent increase over the previous fee. “Pandora had sought to pay between 1.70 percent and 1.85 percent of revenue,” reports Inside Radio. “The closely watched trial was the latest confrontation in an ongoing battle over royalty payments between Pandora and the songwriters and composers who create the music.” Pandora tried to be recognized as a radio station owner in order to qualify for a lower royalty rate, but the maneuver was not successful.
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