Advertisement |
Deal Resolves Broadcast Concerns with MM Act
RADIO ONLINE | Saturday, January 27, 2018 |
NAB, ASCAP and BMI have struck a deal to resolve broadcast concerns with the Music Modernization Act, introduced by a bipartisan group of senators led by Senators Orrin Hatch and Lamar Alexander. The legislation would "create a new, simplified licensing entity to make it easier for digital music companies to obtain a license for and play songs." The agreement resolves NAB's concerns with the potential introduction of new evidence into the ratesetting process while preserving ASCAP's and BMI's ability to seek compensation from the growing digital music marketplace.
In a statement, NAB President/CEO Gordon Smith, ASCAP CEO Elizabeth Matthews and BMI President/CEO Mike O'Neill said, "We are extremely happy to announce that the NAB, ASCAP and BMI have reached an agreement regarding the Music Modernization Act. Our three organizations have enjoyed a long, unique and successful relationship, and as a result, we were able to work together to find a path forward on this important legislation that is fair to all parties."
They continued, "We greatly appreciate the support of the bill's sponsors, in particular Representatives Doug Collins (R-GA) and Hakeem Jeffries (D-NY), and Senators Orrin Hatch (R-UT), Lamar Alexander (R-TN), Sheldon Whitehouse (D-RI), and Chris Coons (D-DE), for their leadership in facilitating this agreement and advancing important music licensing reforms."
Advertisement |
Latest Radio Stories
The Podcast Consumer 2024 released by Edison Research |
KMJ/Fresno Documentary Earns Regional Emmy Nomination |
Podbean Unveils YouTube Video to Podcast Feature |
Advertisement |
Educational Media Foundation CEO Todd Woods Resigns |
FSR Adds Vitali, Hollins and Rhodes to Weekend Lineup |
Triton Digital Releases April 2024 U.S. Podcast Ranker |