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ASCAP licenses for on-air and Webcasts together
Nov 2, 2004 8:00 AM
ASCAP, a performing rights organization representing composers and publishers, has reached an agreement with U.S. commercial stations that allows the stations to use the entire 7-million-song ASCAP catalog on the air and on the Web.
Payment will be a flat $1.7 billion. This deal supplants the government-regulated Webcast royalty structure. The license extends to 2009.
The deal is significant to music recording professionals because Webcasting bypasses corporate music outlets like broadcast radio.
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