Several news outlets are reporting that Pandora is close to a settlement over pre-1972 performance royalties.
The company itself isn’t commenting on the story, first reported by the New York Post.
At least one Wall Street analyst predicts if Pandora does follow SiriusXM’s lead and pay some $60 million for past performances and another $30 million for streaming pre-1972 music in 2016, that decision could have ramifications for the pure-play streamer’s margins, balance sheets and label relations.
