SONGS Music Publishing And Pandora Sign Licensing Agreement

New Deal With SONGS

PANDORA and SONGS MUSIC PUBLISHING have signed a multi-year licensing agreement for SONGS catalog of musical works. This direct publishing deal creates business benefits for PANDORA, while modernizing and equalizing compensation for SONGS and its songwriters in the U.S.

"Now is the time to move past the over-regulation of songwriter rights and towards a market-based approach to streaming music,” said SONGS Founder/CEO MATT PINCUS. “This agreement is a big step forward in a long conversation about fair and equitable compensation for all songwriters and publishers. I value PANDORA's commitment to treating all songwriters and publishers equally and look forward to a new chapter with them."

"PANDORA has a long-standing commitment to independent songwriters," said PANDORA CEO BRIAN MCANDREWS. "This agreement with SONGS underscores that commitment and demonstrates our shared belief that all publishers and songwriters should receive equal treatment. Pandora is a leader in the space and we continue to improve value to music publishers and songwriters -- a positive step for the entire industry.”

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