In a significant move that will modernize compensation in the U.S. for its affiliates, BMI is pleased to announce that it has executed a new, multi-year licensing agreement with music streaming service Pandora, which will result in improved performance royalties for BMI’s songwriters, composers and publishers. In connection with this agreement, Pandora has agreed to withdraw its appeal of BMI’s rate court victory from earlier this year, putting an end to longstanding litigation.
“We are extremely pleased to reach this deal with Pandora that benefits the songwriters, composers and publishers we are privileged to represent,” said BMI President and CEO, Mike O’Neill. “Not only is our new agreement comparable to the other direct deals in the marketplace, but it also allows us to amicably conclude our lengthy rate court litigation and focus on what drives each of our businesses – the music.”
Pandora CEO Brian McAndrews stated: “These collaborative efforts with the leading Performance Rights Organizations, as well as our recent direct deals with several music publishers, demonstrate our progress in working together to grow the music ecosystem.”