Pandora Stock Lifts On Music Deal; CRB Decision Looms

By | December 15, 2015

Scalper1 News

Pandora Media inked its second licensing deal in a week just in advance of an expected decision from the Copyright Royalty Board rate-setting group. Pandora announced on Tuesday that it reached a multi-year licensing arrangement with Warner/Chappell Music, the publishing arm of major label Warner Music Group. With that news out, Pandora stock rose 4.9% in the stock market today, closing at 13.06. “This direct publishing deal creates business Scalper1 News

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