The New York Post reports today webcaster Pandora will have to pay 25% more to music publisher Sony/ATV, according to the terms of a new settlement. Pandora was looking for a decrease in these fees, which cover royalties for songwriters whose work is represented by Sony/ATV.
Sony/ATV pulled digital rights from ASCAP and BMI effective Jan. 1 (more in RAIN here and here). This means Pandora (and other webcasters) aren't cleared (or won't be when current contracts are up) to play Sony/ATV music simply by way of their ASCAP/BMI blanket licenses.
In November, Pandora filed suit against ASCAP (the American Society of Composers, Authors and Publishers) (in RAIN here) in New York federal court, after more than a year of negotiations failed to yield a settlement.
Read more in the New York Post here.