Pandora sell-off a buying opportunity, says Barrington Barrington said Pandora reported strong momentum but higher content costs. They expect Pandora to continue to gain share and post significant growth in its active user base and would use the sell-off as a buying opportunity. Shares are Outperform rated with a $18 price target.
Judge rules Sirius XM infringed copyrights by playing songs recorded pre-1972 In a $100M royalty lawsuit between the rock band The Turtles and Sirius XM (SIRI), a California federal judge ruled that Sirius XM infringed copyrights and violated California state laws by broadcasting songs recorded before 1972 without paying royalties for the performance of the recording. Judge Philip Gutierrez ruled that the music industry can claim additional copyright in broadcasted songs that were recorded before 1972. The ruling can have a far reaching impact on digital radio providers who may have to cough up additional royalty fees for playing songs recorded before 1972. Pandora (P) is also a digital radio provider. Reference Link