Nomura Securities Remains Sidelined on Pandora (P) as CRB's Ruling Came Roughly In-Line with Expectations

Copyright Royalty Board Issues Ruling in “Web-IV” Pandora Rate Case

Musicians and record labels to see royalties from Pandora increase 15 percent

OAKLAND, Calif.--(BUSINESS WIRE)-- Pandora (NYSE: P), the worlds largest music discovery platform, today announced that the Copyright Royalty Board (CRB) released the rates and terms for the Web-IV rate-setting proceeding, establishing the sound recording performance royalty rates paid to performing artists and record labels by Internet radio services for the period of 2016-2020. While the company has not received the full supporting decision, the following is based on the companys initial reactions to information posted on the Copyright... More

Pandora Postpones Conference Call Pending Release of Copyright Royalty Board Web IV Decision

Postponed Until Rate Determination Is Made Public
Event to be Audio Webcast Live on the Pandora Investor Relations Website

OAKLAND, Calif.--(BUSINESS WIRE)-- Pandora (NYSE: P), the world's most powerful music discovery platform, today announced that it will postpone a call originally scheduled for Wednesday, December 16, 2015, after the close of the market at 1:30 PM (PT) / 4:30 PM (ET) to a later, as of now, undetermined time.

Pandora will announce updated timing shortly after the publication of the rate decision from the CRB, allowing the company to conduct proper... More

DeVry Brasil Acquires Ibmec Group

DeVry Group continues to build on its global diversification strategy

DOWNERS GROVE, Ill.--(BUSINESS WIRE)-- DeVry Education Group (NYSE: DV), a global provider of educational services, today announced that DeVry Brasil has acquired 96.4 percent of Grupo Ibmec Educacional S.A. (Ibmec), for a proportional enterprise value of R$699 million, subject to closing adjustments. Ibmec operates campuses located in Rio de Janeiro, Brasilia and Belo Horizonte, and in Campinas, where it operates under the name Metrocamp. A nationally recognized educational institution, Ibmec has been widely-known for its academic excellence for... More

DeVry Group Authorizes Ninth Share Repurchase Program

DOWNERS GROVE, Ill.--(BUSINESS WIRE)-- DeVry Education Group (NYSE: DV), a global provider of educational services, today announced that its board of directors approved its ninth share repurchase program, which allows DeVry Group to repurchase up to $100 million of its common stock through Dec. 31, 2017.

Todays announcement marks a continuation of our balanced approach to capital allocation, said Daniel Hamburger, president and CEO of DeVry Education Group. Over the past three fiscal years we have returned $156 million to shareholders through share repurchases and dividends, invested $280 million in capital expenditures to support academic quality and... More

Warner/Chappell Music and Pandora Sign Licensing Agreement

NEW YORK & OAKLAND, Calif.--(BUSINESS WIRE)-- Pandora (NYSE: P), the world's most powerful music discovery platform, and Warner/Chappell Music, the global music publishing company of Warner Music Group, today announced a multi-year licensing agreement for Warner/Chappell Musics catalog of musical works. This direct publishing deal creates business benefits for Pandora, while modernizing compensation for Warner/Chappell Music and its songwriters in the U.S.

This Smart News Release features multimedia. View the full release... More