|Record Companies and Pandora Reach Agreement On Pre-1972 Recordings|
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20151022006505/en/
The confidential settlement is between Pandora and ABKCO Music &
Records, Capitol Records,
“Pandora is excited to have found resolution with these record labels,”
“Major settlements with SiriusXM and now Pandora means that an iconic
generation of artists and the labels that supported them will be paid
for the use of their creative works,” said Recording Industry
Association of America (RIAA) Chairman and CEO,
Pandora is the world’s most powerful music discovery platform – a place where artists find their fans and listeners find music they love. We are driven by a single purpose: unleashing the infinite power of music by connecting artists and fans, whether through earbuds, car speakers, live on stage or anywhere fans want to experience it. Our team of highly trained musicologists analyze hundreds of attributes for each recording which powers our proprietary Music Genome Project®, delivering billions of hours of personalized music tailored to the tastes of each music listener, full of discovery, making artist/fan connections at unprecedented scale. Founded by musicians, Pandora empowers artists with valuable data and tools to help grow their careers and connect with their fans.
In support of this mission, the RIAA works to protect the intellectual property and First Amendment rights of artists and music labels; conduct consumer, industry and technical research; and monitor and review state and federal laws, regulations and policies. The RIAA® also certifies Gold®, Platinum®, Multi-Platinum™ and Diamond sales awards as well as Los Premios De Oro y Platino™, an award celebrating Latin music sales.