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Sunday, October 25, 2015

Pandora Settles Pre-1972 Lawsuit With $90 Million Payment



Pandora Settles Pre-1972 Lawsuit With $90 Million Payment
Oct 22nd 2015, 17:21
Just before releasing its earning today, Pandora announced it struck a deal with a coalition of independent and major record companies on pre-1972 recordings. Pandora will shell out $90 million to put this issue to rest. The settlement is between Pandora and ABKCO Music & Records, Capitol Records, Sony Music Entertainment, UMG Recordings and Warner Music Group.