The Week In Music Publishing 6.15.12
At the annual General Meeting of the National Music Publishers' Association, David Israelite renewed his calls to Congress to introduce a more efficient mechanical licensing system. He also took aim at online music video service VEVO, who publishers feel aren't paying enough for the use of their songs.
- Broadcast Music Inc. (BMI) – one of the three US Performing Rights Organizations – has reached agreement with the Radio Music License Committee for the use of its repertoire through 2016. The truce ends two years of litigation.
- Neighboring Right Collection agency Rights Agency Limited has entered into a strategic business investment agreement with music rights collection business and publisher, Fintage House.
- Aerosmith frontman Steven Tyler has inked a worldwide publishing administration deal with Ole for selected works.
- The publishing world mourned the loss of former BMI chief Frances Preston who headed the Performing Rights Organization for 18 year.
Courtesy of Songtrust – One-stop royalty collection for songwriters, bands and producers.