Martin Bandier: Why current BMI and ASCAP deal isn't good enough for songwriters
Sony/ATV boss Martin Bandier has explained at length the publisher's reasons for considering the withdrawal of all of its performance rights from US collection societies ASCAP and BMI.
In a new letter to Sony/ATV clients, Bandier expresses his concern that songwriters are currently not being paid fairly by digital services such as Pandora for their performance rights.
Earlier this year, Pandora won a decision in ASCAP's own rate court to pay songwriters just 1.85% of its total income.
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