Pandora says it will appeal the rate decision in its royalty case with BMI.
A New York rate court decided last week the Internet audio company will pay 2.5% of its revenue to license copyrighted songs in BMI’s catalog. Pandora previously paid 1.7% and has been trying to buy a South Dakota FM in an effort to qualify as a broadcast station to lower its royalty fees.
BMI President/CEO Mike O’Neil told employees the decision was “an important step forward in valuing music in the digital age.”
Pandora plans to appeal the BMI decision to the court that ruled in its favor in a similar case against ASCAP.
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