The audio entertainment giant's merger with parent company Liberty Media's tracking stock in September triggered a $3.36 billion write-down of certain assets.
In a strongly-worded response, Pandora says the royalties group "thinks it knows better than the entire music publishing industry."
This is the first time the mechanical licensing organization has filed a lawsuit against a streaming service.
A report alleging that gangs buy fake streams arrives at a time when executives are calling for better monitoring of the streaming ecosystem.
The determination sets inflation-adjusted rates at $.0026 per paid subscription stream.
The Copyright Royalty Board issued its final determination for Phonorecords III, setting a countdown to to rectify now-incorrect payments for the last five years.
The Music Biz conference in Nashville devoted three panels to the issue, which attorney Mona Simonian said is "financially impacting everyone in the industry."
The company had argued that a group of comedians suing for copyright infringement represented a monopoly. For a second time, a judge has rejected that claim.
Chiang, who joined Pandora in July 2022, fills the role previously held by JR Schumann.
The satellite radio giant says layoffs will impact 475 employees across nearly every department.
