New York, NY (Top40 Charts) Pandora (NYSE:P), the go-to music source for fans and artists, today announced a partnership with
Music Reports, the world's most advanced rights administration platform, to manage the mechanical licensing and royalty administration for its upcoming interactive streaming service. Transparency around licensing and compensation has been an ongoing challenge for the music industry, and by partnering with
Music Reports,
Pandora is helping to bring a new level of openness to publishers and music makers.
As
Pandora defines its next chapter, the company will substantially broaden its subscription business and roll out an expanded listening experience. To ensure
Pandora continues to deliver on its commitment to supporting artists, its partnership with
Music Reports will provide open deal terms and 100 percent reporting transparency through its online digital rights marketplace.
Music Reports' licensing opt-in platform will give music publishers greater insight into and control over how their catalog of musical works is being enjoyed, and offer consistent rates across the industry.
"As we expand the listening experience on Pandora, it's important that we continue to ensure music makers are not only accurately and fairly compensated, but also have more control and greater transparency around the use of their art," said Tim Westergren, Founder and CEO at Pandora. "That's why
Music Reports' opt-in licensing and full reporting infrastructure is so important. I'm thrilled to be working with another partner that puts artists' interests first."
Pandora has made great strides in building a platform that offers more tools and resources for artists to advance their careers and better connect with their fans. Its Artist Marketing Platform (AMP) continues to expand with new offerings such as AMPcast, a free platform that allows artists to record and deliver targeted audio messages to their entire
Pandora audience right from their mobile phones. Pandora's acquisition of Next Big Sound and Ticketfly will enable music makers to more comprehensively leverage the power of data and more easily sell tickets directly to their fans.
"Pandora and
Music Reports share a commitment to comprehensive licensing solutions so that royalties properly flow to publishers and songwriters," said Bill Colitre, Vice President and General Counsel of
Music Reports, Inc. "Music Reports is in a unique position to reach every active publisher in the market, ensuring
Pandora can offer them all the opportunity to participate in these new services, on the same terms. This is another huge step forward for music licensing in the United States."
To review and respond to the licensing offer, music publishers can simply log into their
Music Reports account online at www.musicreports.com, where they will be able to access and download a full copy of the agreement, and then directly accept the terms if they choose. Any music publisher can request a
Music Reports account, which gives full access to the licensing and royalty reporting details that
Music Reports administers for their songs.
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 unprecedented scale. Founded by musicians,
Pandora empowers artists with valuable data and tools to help grow their careers and connect with their fans.
ABOUT MUSIC REPORTS
Music Reports is a global technology platform for the administration of copyright transactions. Its assets include Songdex�, the world's most authoritative registry of music rights and related business information, and a rapidly customizable SaaS platform for content management and accounting.
Music Reports accounts and settles payments for all music rights types in multiple territories and currencies, and builds and hosts solutions for sales data pre-processing, reporting data transformation, content catalog management, and business intelligence analytics.
