OREANDA-NEWS. September 16, 2016. Pandora (NYSE:P), the go-to music source for fans and artists, today announced a direct licensing agreement for recorded music with Warner Music Group. This agreement enables both companies to support artists and satisfy the full range of music listening experiences for consumers.

Warner has been a tremendous partner to Pandora and were thrilled to expand the relationship in a way that truly supports both of our businesses and the artists we serve, said

Tim Westergren, founder and CEO of Pandora. With this agreement, were on a path to launch the worlds most personal and complete music experience that our listeners will love.

Pandora has built a huge audience with a compelling product and were looking forward to new and enhanced subscription services for music fans and improved monetization for our artists, said

Ron Wilcox, Executive Counsel for Business Affairs, Strategic and Digital Initiatives, Warner Music Group.

Today, more than 78 million users listen over 24 hours per month to Pandoras ad-supported and subscription offerings - more than twice the engagement of all other streaming services. Pandora will soon deliver the worlds most personal and complete music experience, while opening up the full power of the platform to connect artists with their fans at scale and leverage the promotional offerings of Pandoras Artist Marketing Platform (AMP).

The agreement applies to Pandoras business in the United States.

ABOUT PANDORA

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.