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Pandora rebuffed a purchase offer from Sirius XM’s owner

Pandora cube canvas 160w

Just hours ahead of its second-quarter earnings call, we’ve learned that Pandora has reportedly turned down a proposed bid from Liberty Media. The owner of Sirius XM allegedly floated an offer to buy out the online audio company for $15 per share, valuing Pandora at more than $3.4 billion. Sources are saying that Pandora board rejected the informal bid, citing the price as too low.

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Industry groups look to overturn Vimeo’s safe harbor appeal on pre-1972 music

Vimeo logo canvas

One of the recent developments in pre-1972 copyright protection was a win by video hosting service Vimeo in June, where the court ruled that the company could apply safe harbor provisions to those songs. That appeal ruling is now facing a fresh attack. A2IM, the RIAA, and Concord have filed an amicus brief in support of original plaintiff Capitol Records and requesting that the full New York federal appellate court rehear the case.

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