Music Industry Raises the Rent: ASCAP and BMI Hike Radio Royalties

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The Broadcasters Podcast

King Of Podcasts

418 episodes

3 days ago

Are you tired of a media landscape dominated by corporate narratives and shifting cultural tides? Join @KingOfPodcasts on The Broadcasters Podcast, your essential guide through the complex world of entertainment and media.

With decades of frontline media experience, our host acts as your seasoned watchdog, dissecting how digital disruption is radically reshaping movies, TV, music, and radio. We don't just report the changes; we critically examine the corporate influences, the nuances of PC culture, and the myriad social and cultural forces that either champion or choke creativity, both in front of the camera and behind the scenes.

If you want to understand what's really happening to the content you consume, from your cable box to your streaming feeds, and how it impacts what you see, hear, and believe, this is the podcast for you.

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Music Industry Raises the Rent: ASCAP and BMI Hike Radio Royalties

The Broadcasters Podcast

48 minutes

3 months ago

Music Industry Raises the Rent: ASCAP and BMI Hike Radio Royalties

Music Industry Raises the Rent: ASCAP and BMI Hike Radio Royalties. Meanwhile SoundExchange Hits a Wall with SiriusXM

The music industry, acting as a landlord for songwriters, has successfully raised the "rent" on terrestrial radio through new deals with ASCAP and BMI, finalized with the Radio Music License Committee (RMLC) for nearly 10,000 stations. BMI’s agreement jacks up royalty rates to 2.14% of gross revenue for 2022-2023 and 2.20% from 2026-2029—a nearly 24% spike—demanding back payments for 2022-2024.

ASCAP’s deal, though less detailed, also ups the rent with higher rates and broader digital licensing, easing station operations but pinching budgets, especially for smaller players.

Both settlements, lasting through 2029, include digital revenue discounts and minimum fees, ensuring songwriters get a bigger cut while radio tenants face steeper costs.

Meanwhile, SoundExchange’s attempt to raise the rent on SiriusXM for digital royalties was blocked when a federal court dismissed its $150 million lawsuit, ruling it lacks legal authority to sue under the Copyright Act, leaving it stuck with audits and negotiations.

These moves show the music industry squeezing more from radio broadcasters while hitting a legal dead end in the satellite realm, reshaping the cost of music for airplay tenants.

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