Pandora Gets A Kiwi Royalty Discount
July 13, 2012 at 6:31 AM (PT)
PANDORA continues its international expansion, with the webcater recently being introduced in AUSTRALIA and NEW ZEALAND. THE NEW YORK TIMES reports the NEW ZEALAND move comes with a discounted royalty payment.
"A few weeks ago PANDORA was quietly activated in AUSTRALIA and NEW ZEALAND for Web use only -- no mobile, where the bulk of its listening takes place in the U.S. In recent interviews, JOE KENNEDY, the chief executive of the service’s parent company, PANDORA MEDIA, has said that agreements have been made with the collecting societies in those countries, although he apparently did not elaborate, and a company spokeswoman declined to answer questions about the licensing deals."
However, in an SEC filing, PANDORA detailed they expect to pay less than 25% of revenue for music copyright royalties for authors and performers, less than half of what they pay in the U.S.