ASCAP, BMI and NAB Joint Statement On Deal Resolving Broadcaster Issues With Music Modernization Act
January 26, 2018
Joint Statement from NAB President & CEO Gordon Smith, ASCAP CEO Elizabeth Matthews and BMI President & CEO Mike O’Neill:
We are extremely happy to announce that the NAB, ASCAP and BMI have reached an agreement regarding the Music Modernization Act. This agreement resolves NAB’s concerns with the potential introduction of new evidence into the rate-setting process while preserving ASCAP’s and BMI’s ability to seek meaningful compensation from the growing digital music marketplace. Our three organizations have enjoyed a long, unique and successful relationship, and as a result, we were able to work together to find a path forward on this important legislation that is fair to all parties. We greatly appreciate the support of the bill’s sponsors, in particular Representatives Doug Collins (R-GA) and Hakeem Jeffries (D-NY), and Senators Orrin Hatch (R-UT), Lamar Alexander (R-TN), Sheldon Whitehouse (D-RI), and Chris Coons (D-DE), for their leadership in facilitating this agreement and advancing important music licensing reforms.
The American Society of Composers, Authors and Publishers (ASCAP) is a professional membership organization of songwriters, composers and music publishers of every kind of music. ASCAP's mission is to license and promote the music of its members and foreign affiliates, obtain fair compensation for the public performance of their works and to distribute the royalties that it collects based upon those performances. ASCAP members write the world's best-loved music and ASCAP has pioneered the efficient licensing of that music to hundreds of thousands of enterprises who use it to add value to their business - from bars, restaurants and retail, to radio, TV and cable, to Internet, mobile services and more. The ASCAP license offers an efficient solution for businesses to legally perform ASCAP music while respecting the right of songwriters and composers to be paid fairly. With more than 700,000 members representing more than 11.5 million copyrighted works, ASCAP is the worldwide leader in performance royalties, service and advocacy for songwriters and composers, and the only American performing rights organization (PRO) owned and governed by its writer and publisher members. Learn more and stay in touch at www.ascap.com, on Twitter and Instagram @ASCAP and on Facebook.
# # #
Lauren Iossa, ASCAP
Liz Fischer, BMI
Dennis Wharton, NAB