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.
For more information, visit www.ascap.org.
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