ASCAP has settled its lawsuit with thousands of radio stations over music licensing rates, the PRO and the Radio Music License Committee announced. Hours after rival BMI announced it had reached such a deal with RMLC, ASCAP said that it, too, had settled its own parallel lawsuit against the radio group. Like BMI’s statement, the announcement from ASCAP said the deal had secured substantially higher rates for songwriters and publishers.
Source: ASCAP Settles Lawsuit With Thousands of Radio Stations Over Music Licensing Rates