Pandora Media has suffered a torrid few months. Publishing companies and big record labels have been fighting with it over royalties, while investors are questioning its ability to keep growing.
But this week the company secured another small but important agreement that could end up being a boon for musicians, if not the company’s bottom line.
The internet radio company struck a licensing agreement with Merlin, an agency that manages recording rights for independent music labels and controls rights to about 10% of the digital music market.
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posted 3542 days ago