Seeking Alpha

Pandora (P) is suing songwriter trade association Ascap over its royalty rates. The company has...

Pandora (P) is suing songwriter trade association Ascap over its royalty rates. The company has asked a federal court to set "reasonable" licensing fees, while adding Ascap refused to give Pandora the same terms it granted to Clear Channel and other radio licensees. The suit comes a few weeks after the Internet Radio Fairness Act, which seeks to bring Web radio royalties in-line with satellite levels, was introduced in Congress. Royalties equaled about half of Pandora's 2011 revenue.
Comments (2)
  • They should sue.
    Does anyone know when in 2013 this will happen?
    What would anyone care to guess the odds of Pandora winning?
    7 Nov 2012, 12:50 AM Reply Like
  • Good for Pandora screw Ascap.
    9 Nov 2012, 06:38 PM Reply Like
DJIA (DIA) S&P 500 (SPY)