ASCAP: New Pandora rate 'below market price, threatens future of members'
ASCAP has appealed a rate court ruling passed in March that gave Pandora an annual license rate of 1.85% of its revenue.
The ruling was slammed by Sony/ATV CEO Martin Bandier at the time as "a clear defeat for songwriters".
The same ruling also dictated that publishers could not withdraw their digital rights from the PRO with a view to doing direct deals with the likes of Pandora, saying that ASCAP’s members had to be “all in or all out”.
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