BMI Wins 2-Year Case, Pandora to Appeal

BMI is dancing in the streets after winning a landmark victory against Pandora this month.

The PRO has been approved by the New York Rate Court to bump up their royalty rate to 2.5% with the music streaming service.

BMI said on Thursday the ruling green-lights a new royalty rate of 2.5% of revenue, and feels it's “reasonable, and indeed at the low end of the range of fees of recent licenses.”

Pandora plans to appeal, because they're convinced they're 'competing' in an unfair market. (*cough* yeah right! *cough)

Best of luck, BMI! Keep your head high, and your sword at your side. We've got your back.