NSAI STATEMENT REGARDING CONSENT DECREE REVIEW
Nashville, Tenn. (June 5, 2019) -- Today’s announcement by the U.S. Department of Justice calling for a review the ASCAP and BMI consent decrees comes on the heels of very important positive changes already made in the way ASCAP and BMI’s songwriter performance royalties are determined. Those changes, adopted as part of the MUSIC MODERNIZATION ACT (MMA), will likely result in ASCAP and BMI rate courts setting rates that more closely approximate fair market value. We hope all stakeholders will draw lessons from working together to pass the MMA and participate in a deliberate and thorough exercise of examining the decrees while working toward consensus solutions. The goal should be fairly compensating songwriters and developing a vibrant music marketplace for all interested parties.