08 Feb Pandora Must Contend with Universal Music Publishing
Universal Music Publishing ‘Now Has the Power to Shut Pandora Down…’
By Paul Resnikoff – Feb. 5, 2013 – From Digital Music News
Perhaps the only question is why Pandora‘s top executives aren’t cashing out faster. Because it’s becoming increasingly apparent that this company lacks a sustainable business model, even if they successfully force recording royalty reductions through Congress.
Enter Universal Music Publishing Group, which now looks like the second publishing behemoth to independently negotiate its rates with Pandora. The first step involves the cancellation of digital performance contacts with ASCAP and BMI, already in motion. The next step is creating a new deal with Pandora, on their terms.