BMI Agrees to Reduced Fees
Posted on June 29, 2010
Broadcast music licensing company, BMI, has agreed on a interim rate reduction, effective August 1, 2010. There is no word whether this will translate to reductions for Part 15 users. ASCAP has already agreed to an interim reduction of fees until the courts can decide on a new rate system.
Word has it the new fees are lower than the fees established January 1,2010. See the article here:
These fees do not affect the rates paid for licensing internet music streaming which is determined by Sound Exchange and covers performance rights only. Composers and writers are covered under agreements with BMI, ASCAP and SESAC.