9-11-14
Internet radio pureplay Pandora has made a deal with international rights management company BMG, with the agreement giving Pandora a multi-year U.S. license for BMG's catalog of BMI and ASCAP music. Pandora CEO Brian McAndrews said the deal "ensures that we can continue expanding the audience for one of the world's most storied music catalogs and demonstrates that collaboration between the music industry and Pandora creates opportunities and value for publishers and songwriters."
Pandora is the longtime leader in Internet radio, attracting as much as two-thirds of all online listening, while BMG represents songwriters who've written hits for such artists as Adele, Jay-Z, One Direction, Rihanna, and the Beach Boys.
BMG Chrysalis North American President/Marketing & Creative Laurent Hubert said, "BMG looks forward to a prosperous relationship with Pandora in which our songwriters can benefit from their platform," adding, "We also want to take this opportunity to emphasize our strong, continuing relationship with the US performing rights organizations as they play a vital role for songwriters and music publishers alike."
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