Pandora Pays Labels $90M To Settle Pre-1972 Fight

By Bill Donahue (October 22, 2015, 4:25 PM EDT) -- Pandora Media Inc. said Thursday it would pay $90 million to the major record labels for its use of pre-1972 records, resolving a large portion of the Internet radio giant's two-year fight over the old tracks.

Pandora's $90 million deal with the record labels clears it to use pre-1972 songs. (Credit: AP) The settlement, reached with ABKCO Music & Records, Capitol Records, Sony Music Entertainment, UMG Recordings and Warner Music Group, comes four months after Sirius XM Sirius XM Radio Inc. struck a similar, $210 million deal to pay for the old songs.

Like Sirius, Pandora long believed it didn't need...

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