Details of BMI and the Radio Music Licensing Committee (RMLC)'s rate court settlement first announced in January are now available and show that rates for the 2017-2021 period have increased to 1.78% of revenue, after standard deductions.
That’s up from the 1.7% rate the organization was getting in the previous licensing period. In 2016 the RMLC was trying to implement a scheme on BMI and the other performance rights organizations -- ASCAP, SESAC and Global Music Rights -- based on market share and holding rates for each PRO commensurate to a pro-rata share the rate being paid to ASCAP, which sources say was being paid 1.73% of revenue based on its then-assigned estimated 50% market share.
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