U.S. Judge Slashes ASCAP Interim Radio License Fees $40 Million
U.S. District Judge Denise Cote, who has replaced the late Judge William Conner as the federal judge presiding over rate court hearings between ASCAP and the Radio Music License Committee, has set new interim radio license fees for music that are approximately $40 million lower than to 2009 levels.
The interim fees are fees that will be paid by radio broadcasters until final fees are determined by the court or by negotiation. The interim fees, as well as any final fees determined, are retroactive to January 1, 2010.
“We are pleased that the court has afforded significant fee relief to the radio industry, even as the litigation continues,” RMLC Exec. Director Bill Velez said. “We view this as an important first step towards a return to reasonable fee levels for the industry that reflect current economic conditions.”