Tuesday, August 25, 2020
SESAC, RMLC Announce New Agreement
The agreement rolls forward rates and terms from the prior license, including a blanket license fee of 0.2557% of net revenue, and an all-talk rate of .0575% of revenue. As before, the agreement applies to stations’ over-the-air broadcasts, simulcast streams and HD signals.
SESAC President and COO Kelli Turner said, “As a performing rights organization, we remain focused on bringing value to our songwriters and publishers—which has become increasingly important during these uncertain times. We appreciate the RMLC’s cooperation to once again reach an agreement that will enhance the livelihoods of the creative community.”
RMLC Chairman Ed Atsinger 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.”
Posted 1:18:00 AM