SESAC, RMLC Reach Licensing Agreement
SESAC and the Radio Music License Committee agreed to roll forward the rates from their previous public performance rates for terrestrial radio agreement until Dec. 31, 2022, said a joint news release Monday. The terms include a blanket license fee…
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of 0.2557% of net revenue and an all-talk rate of 0.0575% of revenue, the release said. “We are pleased to carry forward the terms of the prior agreement with SESAC, which is an efficient path forward for both sides in a music licensing landscape that has become increasingly complex," said RMLC Chairman Ed Atsinger in the release. “With the agreement with SESAC, combined with the agreement earlier this year with BMI and one agreed to in late 2016 with ASCAP, the commercial radio industry has agreements in place with the major performing rights organizations except for Global Music Rights,” said Wilkinson Barker broadcast attorney David Oxenford in a blog post. Instead, stations are using interim licenses for GMR content while the rights organization and RMLC battle out their ongoing lawsuit, Oxenford said.