Close

SunTrust Robinson Humphrey Reiterates Buy on Pandora (P) Following Announced Direct Deals

Go back to SunTrust Robinson Humphrey Reiterates Buy on Pandora (P) Following Announced Direct Deals

Pandora Enters Into Landmark Direct Licensing Agreements With Merlin Network, Sony Music and Universal Music Group

September 13, 2016 7:15 AM EDT

Agreements accelerate expansion of product offering and growth of profitable core business

OAKLAND, Calif.--(BUSINESS WIRE)-- Pandora (NYSE: P), the go-to music source for fans and artists, today announced the signing of direct licensing agreements for recorded music with Merlin Network, Sony Music and Universal Music Group, along with The Orchard and over 30 other independent labels and distributors.

These landmark agreements create a win-win partnership between Pandora and the music industry, opening up new revenue streams for artists and labels, while paving the way for Pandora to bring... More