The Radio Music License Committee and BMI reached an agreement Thursday on new commercial radio station blanket and per-program licenses for the musical works in BMI’s repertoire.
The agreement covers 1997 through 2006. Details of the agreements for both blanket and per-program licenses, which have been submitted to the BMI rate court, are being mailed to radio stations this week.
BMI and the RMLC have agreed that the interim license fees due for the period 1997 through 2002 will remain unchanged and will be the final fees due for this period. Fees for the period 2003 through 2006 are on the basis of a new formula. The agreement also includes a separate fee for the right of RMLC radio stations to simultaneously stream their over-the-air signals on their Web sites.
“The new licenses offer an increase in our royalties and a predictable revenue stream from 2001 through 2006 totaling more than $1 billion,” said Frances W. Preston, BMI president-CEO.
Randall Mays, chair of the RMLC, said, “This was one of our key objectives for the industry, along with obtaining Internet streaming rights, and we were able to achieve it by agreement rather than through continuing legal proceedings.”
The RMLC represents, directly or indirectly, all commercial U.S. radio stations, with the exception of those stations represented by the National Religious Broadcasters Music License Committee.