Pandora Strikes Deal With Sony/ATV For Better Rate Certainty

Over the years, Pandora Media's biggest concern has been the royalties it pays to artists, labels and songwriters for their music rights. The company's stock has been down close to 35% since it released its Q3 earnings, owing to the looming threat of a significant rise in royalty rates and $90 million in settlement charges paid to record companies for licensing old records. However, Pandora recently announced that it has signed a direct multi-year agreement with Sony/ATV, in order to provide "be...