US music rights management company BMI has clinched victory in a rate court dispute against live events promoters Live Nation, AEG, and the North American Concert Promoters Association (NACPA). The win will see songwriters get a 138% increase in rates to 0.5% of every event’s revenue. BMI described the ruling handed down by New York District Court Judge Louis Stanton as a decision that ends “decades of below-market rates for songwriters, composers and publishers in the live concert industry.”
Source: BMI beats rate court dispute vs concert promoters, giving songwriters 138% raise in US