Quantcast
Radio Facts
Home » BLOG » BMI Execs Fight for Songwriter Equity Act
Music Publishing

BMI Execs Fight for Songwriter Equity Act

oneill-news-770x434, Inc. executives, including CEO Michael O’Neill, SVP of Corporate Strategy, Communications & New Media and SVP and General Counsel Stu Rosen, are in Washington, D.C., today in support of new legislation introduced by Representative Doug Collins (GA-09). Aptly named the , the bill’s purpose is to update two important provisions in the to level the playing field for songwriters, composers and music publishers to receive fair compensation for the use of their .

Specifically, the Songwriter Equity Act would allow a rate court (presided over by a judge to determine fees for various bmi licenses) to consider all relevant evidence, including sound recording royalty rates, when determining songwriter compensation, an ability that is currently prohibited by law. The inequity caused by this current restriction has resulted in songwriters and composers receiving 12 times less than the compensation record and artists receive for a performance, or “stream,” of the same song. The second update to the current Copyright Act would adopt a fair rate standard for reproduction (mechanical) licenses, which has been raised only nominally to 9.1 cents per song since its enactment at 2 cents per song, more than one hundred years ago in 1909. These much needed amendments would help establish an accurate fair market value for the use of musical compositions and will ensure that songwriting remains a viable profession, which will ultimately benefit both listeners and music licensees.

Commenting on today’s introduction of the Songwriter Equity Act, O’Neill said, “This bill is an important step on the road to fairness for the more than 600,000 songwriters and music publishers represented by bmi. The current environment, where performances of sound recordings are valued at 12 times those of the musical compositions that underlie them, is untenable. Similarly, the rates set for making copies of musical works under Section 115 are artificially depressed and lack a relationship to the marketplace. We are simply asking Congress to take the evidentiary blinders off of the judges who control a significant portion of our writers’ income from public performance and mechanical royalties. We are grateful to Congressman Collins for his leadership on this important issue and for his support in co-sponsoring this important bill. We look forward to working with Congress to find an equitable solution.”


Related posts

BMI SPONSORED ISLAND HOPPER SONGWRITER FEST SETS ATTENDANCE RECORDS IN 2018

Kevin Ross

eOne Signs Joint Venture Music Publishing Deal with Producers/Songwriters – The Stereotypes

Hassahn Liggins

Pro Music Rights Becomes the 3rd Largest Public Performance Rights Organization In the US

Hassahn Liggins

MARVIN SAPP SCORES FIFTH CONSECUTIVE #1 ALBUM DEBUT WITH CLOSE

Michael Mitchell

RVMK Records/Sony Music Latin Celebrates Album Release In LA –“Two Beats, One Soul”

Michael Mitchell

CD Baby Hires New VP of Music Publishing and Rights Management

Hassahn Liggins

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

10 Shares
Share10
Tweet
Share
Pin