5 Things To Know Before Renewing Your Music Licenses

With the New Year just around the corner, it’s likely time to renew your music licensing agreements. But this industry is under some major changes that could impact all businesses. Music licensing is a dense topic. Some businesses attempt to avoid paying license fees. But the threat of expensive fines is all too real. New technology is helping businesses negotiate fairer fees and more songwriters get paid. It’s time to take a second look at this industry.

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Texas Governor Greg Abbott Urges U.S. Department Of Justice To Reconsider Changes To PRO Licensing Model

Governor Greg Abbott today sent a letter to U.S. Attorney General Loretta Lynch urging her to reconsider The United States Department of Justice’s proposed changes to the Performance Rights Organization (PRO) licensing model. In 2015, the Department of Justice announced they would require PROs such as Broadcast Music, Inc. (BMI) and the American Society of Composers, Authors & Publishers (ASCAP) to require 100 percent licensing rather than allowing PROs to negotiate licensing deals based on their market shares. Governor Abbott objected to the Department of Justice’s decision, which runs counter to longstanding industry expectations, and urged Attorney General Lynch to protect the mechanisms that allow musicians to make a living and create wealth.

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