Pandora In The News

Pro Music Rights sues ‘the entire music industry’ for allegedly ‘running an illegal cartel’

Lawsuit was filed in Connecticut federal court Monday (March 9)

US recorded music revenues hit $11.1bn in 2019 and streaming accounted for nearly 80% of it

The RIAA has published its 2019 Year-End US Music Industry Revenue Report

A year after trying to cut songwriters’ pay, Spotify boosts writer visibility with launch of pages feature

New feature wins praise from writers – but bad vibes still lurk in the background

SoundCloud secures $75m investment from Pandora owner SiriusXM

SiriusXM has purchased $75 million of securities for a minority investment

SiriusXM’s annual revenues were up 35% in 2019, but Pandora’s Monthly Active Users fell by nearly 6m

Pandora had 63.5m MAUs at the end of 2019

After suing Spotify for mistreatment, independent music company files 10 copyright infringement lawsuits against YouTube, Apple and others

Apple, Google, YouTube, Amazon, SoundCloud, Pandora, Deezer, 7digital, iHeartradio and Rhapsody named as defendants

SoundExchange paid out $908m to artists and labels in 2019

MBW's estimates SoundExchange's lifetime payouts to members have now reached approximately $7bn

SoundCloud, with more than 200m tracks on its platform, saw 12-monthly revenue run-rate top $200m last year

Company gives update on 2019 as 2018 results are laid bare