"Now is the time to move past the over-regulation of songwriter rights and towards a market-based approach to streaming music,” said SONGS Music Publishing founder and CEO Matt Pincus. “This agreement is a big step forward in a long conversation about fair and equitable compensation for all songwriters and publishers. I value Pandora's commitment to treating all songwriters and publishers equally and look forward to a new chapter with them."
Pandora and SONGS Music Publishing, home to artists such as The Weeknd, Lorde, and Diplo, have agreed to a multi-year licensing deal, perhaps further indication that the internet radio service is gearing up for an on-demand platform. Billboard has the full story.