- Licensing fees aren't mentioned, but Pandora (NYSE:P) and BMG agree on a multi-year deal for a U.S. license for BMG's complete BMI and ASCAP catalog of music.
- BMG's stable of songwriters have created hits for the likes of Beyonce, Britney Spears, David Bowie, Frank Sinatra, Jay-Z, and The Beach Boys. BMG represents the music rights to artists including Bruno Mars, Duran Duran, John Legend, and Wilco.
- Source: Press Release
- Pandora is higher by 1.1% premarket.