Home deals NY Post: Pandora Agrees to Increase Royalties to Sony/ATV by 25%

NY Post: Pandora Agrees to Increase Royalties to Sony/ATV by 25%

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The NY Post reports that Internet radio service Pandora has agreed to a 25 percent increase in royalties it will pay to music publisher Sony/ATV, a joint venture between Sony Corp. and the Michael Jackson estate. Sony/ATV CEO Martin Bandier told The Post: “At the end of the day, we got a terrific deal for our songwriters. Our thinking has been vindicated. Hopefully it’s the first of many.” Pandora, which has been vocal about demanding decreases in the fees it pays to the music business and artists, did not comment on the new deal. Read more.

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