0

BMI reaches record-high revenue and distributions in FY 2017

Performing rights organization BMI shared the financial results from the 2017 fiscal year. Annual revenue reached a record high of $1.13 billion. Distributions and administrations to artists totaled $1.023 billion, another record figure. According to the press release, BMI’s 2017 results are the largest public performance revenue and royalty distributions of any music rights organization worldwide. Continue Reading

1

ASCAP and BMI are making a joint database of rights, licensing information

ASCAP and BMI announced a collaboration that will see the two performing rights organizations create a single comprehensive database of musical works from their libraries. The database will contain an overview of shares and rights information for much of the music licensed in the United States, offering more clarity around music ownership. Continue Reading

2

Department of Justice confirms its consent decree ruling: No changes

It’s official. The Department of Justice has released the final ruling for its review of performing rights organization consent decrees, which includes “full-works licensing” and prohibits withdrawal of digital rights from bundled licenses. Both ASCAP and BMI are already mounting their responses. Continue Reading

3

DoJ announces consent decree decision: No change, plus a new rule

The U.S. Department of Justice has completed its much anticipated two-year review of consent decrees — decades-old laws which govern how ASCAP and BMI are permitted to license music on behalf of songwriters, composers, and publishers. The bottom line: No change, and a blow to the two major performing rights organizations (PROs) which have lobbied for more flexible control of rights management, especially in the streaming era. Continue Reading

0

Pandora lands private deals with ASCAP & BMI; charges into 2016 with key relationships and rate certainty

Pandora announced breakthrough content licensing deals this morning with ASCAP and BMI, the two largest Performing Rights Organizations (PROs) representing songwriters, publishers, and composers. With two separate multi-year agreements, Pandora puts to bed acrimonious lawsuits that have troubled its key relationships for two years. Continue Reading