Judge leaves Pandora payment rate to songwriters unchanged

|About: Pandora Media (P)|By:, SA News Editor

A federal judge has left the annual rate at which Pandora (P) must pay songwriters for the use of their material at 1.85% of its revenue for 2011-2015.

The American Society of Composers, Authors & Publishers (Ascap) wanted the figure to gradually rise while Pandora wanted it to drop to 1.7%, the rate for most commercial radio stations.

The decision "further demonstrates the need to review the entire regulatory structure," said Ascap CEO John LoFrumento.

Pandora faces a similar case against Broadcast Music Inc that is due to start later this year.