A new license agreement that sets the rates payable by the majority of the nation’s commercially licensed AM and FM radio stations to publicly perform works in the SESAC repertory has been inked by the Radio Music License Committee (RMLC).
It’s retroactive, and expires at the end of 2022.
In a statement posted to the RMLC website on Monday, an effective date of Jan. 1 2019 was put in place. The new agreement concludes at the end of Dec. 31, 2022.
The RMLC represents many of the nation’s radio stations, while SESAC represents more than 1 million songs and some 30,000 songwriters, composers and music publisher affiliates.
The agreement rolls-forward the rates and terms from the prior license.
Those rates, the RMLC notes, were the product of an arbitration the parties conducted.
- A blanket license fee of 0.2557% of net revenue;
- An All-Talk rate of 0.0575% of revenue
As before, the new agreement applies to stations’ over-the-air broadcasts, simulcast streams and HD signals.
Serving as RMLC Chair is Ed Atsinger, who heads Salem Media Group. He said the RMLC is pleased “to carry forward the terms of the prior agreement with SESAC, which is an efficient path forward for both sides in a music licensing landscape that has become increasingly complex.”
SESAC President/COO Kelli Turner added, “As a performing rights organization, we remain focused on bringing value to our songwriters and publishers—which has become increasingly important during these uncertain times. We appreciate the RMLC’s cooperation to once again reach an agreement that will enhance the livelihoods of the creative community.”
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