A New York federal judge on Wednesday refused to lower the royalty rate he previously ordered Pandora Media Inc. to pay Broadcast Music Inc.
YouTube is now bigger than any individual US cable network for the key demographic of 18-49 year olds.
The Montreal-based company recently concluded an IPO that netted $94.8 million. The service has approximately 110 million household subscribers around the world.
Pandora has acquired music industry analytics firm Next Big Sound. NBS gathers data from social media, sales, and streaming to help artists understand how social media, marketing, and promotional events affect revenue.