The Register of Copyrights addresses the CRB’s ability to consider
differentiated rates for music licensors
OAKLAND, Calif. -- (Business Wire)
Pandora (NYSE:P), today announced the Register of Copyrights delivered
her Memorandum Opinion in response to a “novel material question of law”
referred to her on September 11, 2015 by the Copyright Royalty Board
(CRB). This was the second round of questioning referred to the Register
of Copyrights by the CRB in the “Webcasting IV” rate setting proceeding,
which will determine rates for the period of 2016-2020. A decision is
due in mid-December.
The question referred by the Judges asked whether they were prohibited
by the governing statutes from setting rates and terms that may differ
across different types of categories of licensors – in essence, whether
they can set statutory webcasting royalty rates that vary depending on
the identity or category of the record company that owns the recordings
performed by a webcaster.
The Register of Copyrights concluded that the question was not properly
referred to the Copyright Office for consideration, and therefore she
could not offer an opinion on the question of differentiated rates for
licensors. The Register further stated that because all participants in
the Web IV proceeding had assumed a non-differentiated rate structure
for licensors, that is the only reasonable outcome in the Web IV
proceeding.
“Pandora supports a uniform rate structure for all musicians,” said Dave
Grimaldi, director of public affairs at Pandora. “We look forward to the
certainty the CRB’s December decision will bring to the music industry,
particularly as Pandora continues to improve our partnerships with music
makers.”
The Copyright Office’s analysis can be found here.
ABOUT PANDORA
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 an
unprecedented scale. Founded by musicians, Pandora empowers artists with
valuable data and tools to help grow their careers and connect with
their fans.
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Contacts:
Pandora
Dave Grimaldi, 202-380-2203
Public Affairs
press@pandora.com
or
Dom
Paschel, 510-842-6960
Corporate Finance & Investor Relations
investor@pandora.com
Source: Pandora
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