Blog Post

Web Radio Gets $1.7 Billion Boost

In one of the largest licensing deals in American raido history, the American Society of Composers, Authors and Publishers has reached a $1.7 billion deal with the Radio Music License Committee to let stations legally stream their on-air content over the Internet.

With the deal, the radio group said, its 12,000 member stations gain the right to program ASCAP-regulated music online simultaneously with their on-air signals. The deal replaces an existing system of revenue-based licensing fees with a royalties schedule…

Full details here, from ASCAP