Pandora (NYSE: P), an internet radio service, and international music rights management company BMG, have announced a multi-year agreement for a US license for its complete BMI and ASCAP catalog of musical works. The direct publishing deal creates marketing and business benefits for Pandora, BMG and the songwriters it represents.
"Millions of Pandora's listeners have long enjoyed the great music from BMG's songwriters," said Brian McAndrews, CEO of Pandora. "Our agreement with BMG ensures that we can continue expanding the audience for one of the world's most storied music catalogs and demonstrates that collaboration between the music industry and Pandora creates opportunities and value for publishers and songwriters."
BMG represents many of the most successful songwriters in contemporary music. The artistry and skill of BMG's US songwriters has created hits for the likes of Adele, Beyoncé, Britney Spears, David Bowie, David Guetta, Frank Sinatra, Jay-Z, Jessie J, One Direction, Rihanna and The Beach Boys. BMG also represents the music rights of some of the biggest names in contemporary music, including Bruno Mars, Duran Duran, The Flaming Lips, Frank Ocean, John Legend, Kings of Leon, Valerie June, Wilco, and will.i.am.
"BMG looks forward to a prosperous relationship with Pandora in which our songwriters can benefit from their platform," said Laurent Hubert, President, Marketing & Creative at BMG Chrysalis North America. "We also want to take this opportunity to emphasize our strong, continuing relationship with the US performing rights organizations as they play a vital role for songwriters and music publishers alike."
