Pandora today announced a multi-year licensing agreement with Warner/Chappell Music. The deal comes on the heals of direct Pandora deals with Sony/ATV, Merlin, Songs and others.
While details of the deal were not announced both parties says that this direct publishing deal creates business benefits for Pandora, while modernizing compensation for Warner/Chappell Music and its songwriters in the U.S.Pandora will benefit from greater rate certainty and the ability to add new flexibility its its streaming. Royalties paid by Pandora to sound recording owners are not affected by this agreement.
“It is Warner/Chappell’s top priority to make sure our songwriters are prospering both creatively and commercially, and that the value of their music is properly recognized,” said Jon Platt, CEO, Warner/Chappell Music. “We look forward to seeing our songwriters benefit from this new agreement with Pandora.”
“We are thrilled to partner with Warner/Chappell Music, which has represented many of the most talented songwriters for over 200 years,” said Brian McAndrews, Pandora’s chief executive officer. “Pandora is proud to be part of their tradition of maximizing the value of music publishing and talent.”