OAKLAND, Calif.--(BUSINESS WIRE)--Pandora (NYSE:P), the world's most powerful music discovery platform, today announced that it will host a call following the Copyright Royalty Board (CRB) rate determination on Wednesday, December 16, 2015, after the close of the market. The company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) with management to discuss the rate determination with the investment community. This is subject to a change in timing depending on when the CRB makes public the rate determination on Wednesday, December 16, 2015.
Today the Copyright Royalty Board issued the following public statement:
“On Wednesday, December 16, the Copyright Royalty Judges will issue their written determination in Docket No. 14-CRB-0001-WR, the Web IV rate-setting proceeding for the years 2016–2020. Initially, the judges will deliver the written determination only to the Register of Copyrights for her statutory review and to the participants in the proceeding so they may determine which portions, if any, contain confidential information that must be redacted from the version that will be released to the public. At the same time that the judges deliver the written determination to the parties and the Register, the judges will post an announcement on the Copyright Royalty Board website setting forth the webcasting royalty rates for the 2016–2020 rate period. Neither the judges nor the staff of the Copyright Royalty Board will respond to inquiries about the upcoming determination.”
More information about the proceedings can be found on the CRB website at: http://www.loc.gov/crb.
A live audio webcast of the event will be available on the Pandora Investor Relations website at http://investor.pandora.com.
A live domestic dial-in is available at (877) 355-0067 or (443) 853-1239 internationally. A domestic replay will be available at (855) 859-2056 or (404) 537-3406 internationally, using passcode 4130622, and available via webcast replay until December 31, 2015.
Pandora is the world's most powerful music discovery platform - a place where artists find their fans and listeners find music they love. We are driven by a single purpose: unleashing the infinite power of music by connecting artists and fans, whether through earbuds, car speakers, live on stage or anywhere fans want to experience it. Our team of highly trained musicologists analyze hundreds of attributes for each recording which powers our proprietary Music Genome Project®, delivering billions of hours of personalized music tailored to the tastes of each music listener, full of discovery, making artist/fan connections at unprecedented scale. Founded by musicians, Pandora empowers artists with valuable data and tools to help grow their careers and connect with their fans. www.pandora.com | Pandora Blog | Pandora LinkedIn | @PandoraPulse