RMLC Stations Get Discount From Arbitration
Stations represented by the Radio Music License Committee (RMLC) got a discount of more than 60 percent of the Society of European Stage Authors and Composers (SESAC) radio station license rate card, RMLC said in a news release. The fee…
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reduction applies for the license period Jan. 1, 2016, through Dec. 31, 2018, Monday's release said. The discount is the result of arbitration stemming from RMLC’s antitrust case against SESAC, it said. “Arbitrators’ decision is a significant favorable step in the right direction for the radio industry, bringing SESAC’s license fees and rate structure more into line with the rate formulas used by ASCAP [American Society of Composers, Authors and Publishers] and BMI,” RMLC said. “While we believe that the value of our music substantially exceeds the amount of the award and the nature of the arbitration process made it inevitable that we would see a reduction in our fees for terrestrial radio, the panel’s decision is a resounding affirmation of the fact that ASCAP rates in radio do not reflect fair market value,” said SESAC CEO John Josephson in a news release. ASCAP didn’t comment Tuesday.