Bandier: Pandora ASCAP rate ruling 'a clear defeat for songwriters'

Tom Pakinkis

Sony/ATV CEO Martin Bandier has slammed the recent ASCAP rate court ruling - which will seen Pandora pay just 1.85% of its annual revenue to the PRO – as “a clear defeat for songwriters”.

ASCAP CEO John LoFrumento seemed similarly dissatisfied with the ruling, saying that “recent agreements negotiated without the artificial contraints of a consent decree make clear that the market rate for internet radio is substantially higher than 1.85%”.

However, LoFrumento said that the PRO is “pleased ...

Login to access this article

To access this article you need to be a subscriber. If you are a subscriber login below.

Start your 4 week Free Trial

Register for a Music Week trial to access this article.

Sign up for your free trial to Music Week, the no 1 weekly trade magazine for anyone who needs to understand the business of music. For four whole weeks we will provide you with great, in-depth journalism that gets right inside the business of music in print and 24/7 online. With both the print and digital edition you will be able to enjoy the whole Premium experience of a subscription to Music Week - absolutely free.

Start your free trial

Subscribe

If you have previously taken a trial you will need to subscribe to access this article.

Subscribe Now
subscribe link free-trial link

follow us...