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Pandora Strikes US Licensing Deal with BMGNEW YORK & OAKLAND, Calif. --(Business Wire)-- Pandora (News - Alert) (NYSE:P), the leading internet radio service, and international music rights management company BMG, today 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, Mareting & 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." ABOUT PANDORA Pandora (NYSE:P) gives people music and comedy they love anytime, anywhere, through connected devices. Personalized stations launch instantly with the input of a single "seed" - a favorite artist, song, or genre. The Music Genome Project®, a deeply detailed hand-built musical taxonomy, powers the personalization of Pandora® internet radio by using musicological "DNA" and constant listener feedback to craft personalized stations from a growing collection of more than one million tracks. Tens of millions of people turn on Pandora every day to hear music they love. www.pandora.com ABOUT BMG BMG is an international company focused on the management of music publishing and recording rights. BMG's services cover the entire range of rights administration, development, and exploitation, placing the needs of songwriters and artists at the heart of its business model. Since its launch in 2008, BMG has established a presence in eight core music markets and now represents the rights to around two million songs and recordings, including the catalogues of Chrysalis, Bug, Virgin, Mute, Sanctuary, Primary Wave and Talpa Music, as well as many prominent artists and songwriters attracted by its service-orientated model. BMG is a wholly-owned subsidiary of international media company Bertelsmann, whose group interests embrace broadcasting and TV production (RTL Group), books (Penguin Random House) and magazines (Gruner + Jahr), media services (Arvato) and print (BePrinters). In the United States of America, the United Kingdom and Scandinavia the company trades under the name BMG Chrysalis, in Benelux under the name BMG Talpa Music. www.bmg.com
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