ASCAP Settles Lawsuit With Thousands of Radio Stations Over Music Licensing Rates

ASCAP Settles Lawsuit With Thousands of Radio Stations Over Music Licensing Rates
https://www.billboard.com/pro/ascap-settles-lawsuit-radio-stations-music-licensing-rates/

Like BMI’s statement, the announcement from ASCAP said the deal had secured substantially higher rates for songwriters and publishers. “This deal locks in an important royalty stream for our members at higher rates,” ASCAP CEO Elizabeth Matthews said. “It will deliver enhanced benefits, payments and financial certainty to ASCAP songwriters, composers and publishers, ... ... Neither side would share specific details about the agreement. ... ...

In its statement, ASCAP said the new deal “better reflects the ways in which AM/FM radio stations in the US currently broadcast and transmit music to their listeners” while also “recognizing the distinctions between the terrestrial radio industry and internet music services.” " ... ..