Radio Stations Ink New BMI License
BMI and the Radio Music License Committee (RMLC) have reached a new licensing agreement for commercial radio. The last license expired in 1996; the RMLC, which represents more than 5,000 stations, filed a motion in 1999 in New York Federal Court after the parties failed to reach a compromise.
The new contract covers the period from 1997-2006. For 1997-2000, the rate is set at 1.605% of applicable revenue for blanket licenses, or 0.24% per program. After 2001, the rates are based on a "flat fee per year," according to an RMLC spokesman. The new accord also calls for a separate fee for radio stations' simulcasts on the Web.
The RMLC's contract with ASCAP expired in 2000; the parties remain in talks.
The RMLC's contract with ASCAP expired in 2000; the parties remain in talks.
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A District Court judge in New York has approved the radio license agreement reached in August by BMI and the Radio Music License Committee.
Radio/TV/Internet Editors NEW YORK--(BUSINESS WIRE)--July 31, 2003 The Radio Music License Committee (RMLC) and Broadcast Music Inc. (BMI) announced today that agreement had been reached ......
The radio industry and BMI have struck what is believed to be the largest-ever music licensing deal.
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