Web Portals Owe ASCAP Big Bucks: Report
MediaPost reports that Web companies AOL, Yahoo and RealNetworks owe ASCAP, the songwriters group, multimillions in royalties for music streamed online, according to a federal court ruling.
“Federal District Court Judge William Connor in White Plains, N.Y. decided this week that the American Society of Composers, Authors and Publishers (ASCAP), which represents more than 320,000 members, is entitled to 2.5% of all music-related revenue from 2002 through 2009. The court still has to determine the precise amount owed, but ASCAP estimates the total could reach $100 million.”
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