Pandora Inks Licensing Deal, Stock Hits High Note

By | September 11, 2014

Scalper1 News

Internet radio service Pandora Media (P) has inked a new multiyear licensing agreement with major music rights management company BMG, a deal that sent Pandora stock higher on Thursday. Pandora stock was up more than 4% to above 27 in midday trading on the stock market today. Pandora stock has fallen 33% from a high of 40.44 in early March amid investor concerns about growing industry competition and a dip in its active listener base. The Scalper1 News

Scalper1 News