Pandora, Warner/Chappell Sign Multiyear Licensing Agreement

Pandora and Warner/Chappell Music signed a multiyear licensing agreement covering Warner/Chappell's entire catalog. Specific terms of the licensing agreement remain confidential, but the deal means Warner/Chappell can “obtain its goal of delivering improved performance royalties for its songwriters, while Pandora will benefit from greater rate certainty,” Pandora said Tuesday in a news release.