Pandora Stock Up 15% After Higher Royalty Cost Ruling

UPDATED: Pandora stock rose 15.1% on Thursday and Friday morning after a Copyright Royalty ruling raising rates about 15%. Why are higher rates that will cost Pandora good news? Investors expected. Continue reading [https://www.hypebot.com/hypebot/2015/12/pandora-stock-rises-137-today-despite-high

UPDATED: Pandora stock rose 15.1% on Thursday and Friday morning after a Copyright Royalty ruling raising rates about 15%. Why are higher rates that will cost Pandora good news? Investors expected much worse and already driven the stock price down more than 50% this year.

Yesterday's Copyright Royalty Board ruling, while raising key rates, is generally be seen as a win for Pandora and other non-interactive music services. But it still also serves as a reminder of of just how, despite and even because of its huge success, allusive profits may be for Pandora, says top industry analyst Mark Mulligan.

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