Downtown Music Publishing And Pandora Sign Licensing Agreement
December 21, 2015 at 6:11 AM (PT)
PANDORA and DOWNTOWN MUSIC PUBLISHING have signed a multi-year licensing agreement for DOWNTOWN MUSIC PUBLISHING’s catalog of musical works.
“This agreement with PANDORA is a milestone in our ongoing mission to deliver equitable, accurate and timely payments for our songwriters,” said DOWNTOWN MUSIC PUBLISHING Founder/CEO JUSTIN KALIFOWITZ. "It also serves as a reminder that songwriter royalties are best negotiated in a free market. We’re looking forward to working more closely with Pandora in optimizing this agreement and know that, in the words of CY COLEMAN, ‘the best is yet to come.’”
“I am excited for our partnership with DOWNTOWN,” said PANDORA CEO BRIAN MCANDREWS. “PANDORA is committed to bringing long-term growth to the music business, and working with the talented and diverse songwriters on Downtown’s roster will contribute to that.”
The specific terms of the multi-year agreement are confidential.