CRB Rate Ruling: Pandora schedules conference call; stock rockets in after-hours

The Copyright Royalty Board (CRB) unsurprisingly took a middle road, treading a line between the $.0011 that Pandora requested, and the $.0025 that SoundExchange argued for on behalf of music rights-holders. P stock shot upward in after-hours. The company scheduled a conference call for later this evening. Continue Reading

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CRB Rate Ruling: $.0017 for Pandora et al, SoundExchange wanted $.0025

At 5:15 Eastern U.S. time, the Copyright Royalty Board released the outline of its Webcaster IV ruling, setting royalty rates paid by Internet radio to music labels for the 2016-2020. Pandora’s rate: $.0017 per stream for non-subscribing listeners. SoundExchange wanted that number to be $.0025. Continue Reading

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CRB rates and Pandora

As the webcasting universe turns its expectant and apprehensive gaze toward the U.S. Copyright Royalty Board (CRB), which will issue new webcasting royalty rates for 2016-2020, Pandora Media has more skin in the game than any other webcasting distributor of music — in a sense. The company has another path to potentially go down. Continue Reading

CRB announces: New royalty rates to post Wednesday [correction]

As the webcasting world is poised with anticipation, The Copyright Royalty Board (CRB) has just announced that its royalty rate-setting decision will be publicized on Wednesday. The ruling deadline is Tuesday, and the CRB will deliver its ruling to the Register of Copyrights, and the proceeding participants, for review and removal of sensitive information that will be redacted from public documents. Continue Reading

Pandora CFO: “The best thing that’s going to happen is…”

Pandora CFO Mike Herring spoke at the Wedbush 2015 California Dreamin’ Technology, Consumer Management Access Conference. He spoke about Pandora’s vision generally, the expansion to on-demand service in 2016, Apple Music and Steve Jobs, the company’s recent acquisition of Ticketfly, the imminent CRB royalty-rate ruling, and more. Continue Reading