A music licensing agency that represents a small number of superstars is offering an interim nine-month license to give more time for negotiations with radio stations.
Royalty negotiations between Global Music Rights—which represents the rights of John Lennon, Pharrell Williams, Bruno Mars and George and Ira Gershwin, among others—and the Radio Music License Committee had broken down with both groups filing federal antitrust lawsuits. RMLC represents the interests of about 10,000 radio stations in licensing negotiations.
Press releases from GMR and the RMLC said that radio stations can get interim licenses, running from Jan. 1 through Sept. 30, to play music from GMR’s repertory if they sign up by the end of January.
Full Content: Bloomberg
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