Music Business

ASCAP vs. Pandora Verdict Saved Music Streamer $21 Million [CHART]

ASCAP PANDORAThe ASCAP vs. Pandora trial was, as most civil trials are, about money. In the end, both sides and most of the media called the judge's verdict a draw.  ASCAP didn't get any increase in its rates, and Pandora failed to get a requested reduction. If ASCAP had prevailed, however, the higher rate would have cost Pandora $21 million, even assuming a decelerated rate of growth.

Here's a chart of the analysis done by Kurt Hanson's Radio & Internet News:

image from rainnews.com

 

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