Little more than a week after Pandora Inc. won a key ruling in its royalty rate dispute with the American Society of Composers, Authors and Publishers, the streaming radio company has been dealt a setback in a parallel fight with ASCAP’s rival performing rights organization, Broadcast Music Inc.
In a sealed, 60-page ruling on Thursday, U.S. District Judge Louis Stanton in Manhattan sided with BMI’s lawyers, led by Milbank, Tweed, Hadley & McCoy’s Scott Edelman, and ordered Pandora to pay 2.5 percent of its revenue for the rights to play songs in BMI’s catalog. According to BMI, the decision sets the rate until the end of 2016. Stanton is expected to release a public version of the ruling next week.
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