Pandora (P) has cut a short-term publishing royalty deal with Universal Music that's said to...

Pandora (P) has cut a short-term publishing royalty deal with Universal Music that's said to feature the highest publishing royalties Pandora has ever paid. "Short-term" needs to be emphasized here: the deal comes as a rate court for trade association ASCAP prepares to rule on a Pandora motion claiming direct deals are illegal, and that publishers should accepts the rates the court assigns for ASCAP. Also, Pandora is suing ASCAP over its royalty rates, and just bought a Rapid City, SD radio station in an effort to lower its rates. Shares +1.4%, following markets higher.

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Comments (4)
  • DIgitalMediaView
    , contributor
    Comments (631) | Send Message
    Keep in mind this is just for publishing, not recorded music. P is absolutely nowhere in talks with any record label, and relies on statutory rates which are set to increase. Why ever increasing content costs are a buy sign for P is a head-scratcher...
    5 Jul 2013, 03:09 PM Reply Like
  • dgulick
    , contributor
    Comments (2266) | Send Message
    Yes, content costs are increasing (up 48% y/y), but revenue is increasing even faster (up 55% y/y).
    5 Jul 2013, 06:44 PM Reply Like
  • DIgitalMediaView
    , contributor
    Comments (631) | Send Message
    Not enough rev growth to make a profit for last quarter. And those numbers cited don't take into account Universal deal cost increase or statutory cost increase.
    5 Jul 2013, 09:40 PM Reply Like
  • casey_dude2000
    , contributor
    Comments (3) | Send Message
    Pandora is losing money and will continue toi lose money.Will either be bought out,file bankruptcy,or go broke.
    7 Jul 2013, 02:44 AM Reply Like
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