Pandora announced that the Copyright Royalty Board (CRB) released the rates and terms for the “Web-IV” rate-setting proceeding, establishing the sound recording performance royalty rates paid to performing artists and record labels by Internet radio services for the period of 2016-2020. While the company has not received the full supporting decision, the following is based on the company’s initial reactions to information posted on the Copyright Royalty Board’s website.
|“Web IV Rate” Decision for 2016||$0.0017||$0.0022||$0.00176|
|Current “Pureplay Rate” for 2015**||$0.0014||$0.0025||$0.00153|
*Pandora’s projected blended rate for 2016.