Sony/ATV/EMI negotiates 25% royalty hike from Pandora
Pandora has reportedly given Sony/ATV/EMI a 25% increase in royalty payments after the music publisher took a step away from digital rights management with ASCAP and BMI effective from January 1.
The internet radio upstart has been vocal in the past about “astonishingly high” royalty rates, but executives have had to offer Sony/ATV the new rate that is said to run for the next 12 months.
Sony/ATV declined to comment on the terms of any deal, but CEO Martin ...
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