Pandora Media said on Monday it was pleased that the U.S. Copyright Office agreed that the company’s pact with Merlin Network, a global rights agency for independent musicians, was admissible as a benchmark in royalty proceedings. Trading of Pandora was halted twice in the morning, and spiked up 14.7 percent to $22.60. In early afternoon, Pandora traded up 5.6 percent at $20.82.
Source: Pandora Wins Round at U.S. Copyright Office | Re/code