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The music business gave broadcasters the cold shoulder late Tuesday (Oct. 26), all but rejecting the new terms under which broadcasters would pay royalty fees for music played over the air. The National Association of Broadcasters voted on the new terms during the organization’s annual fall meeting.
Though the terms were similar to what the NAB and musicFIRST discussed in August, musicFIRST found the differences between the old and new terms a deal-breaker.
“We are deeply troubled by the NAB’s rewrite of the hard-fought agreement musicFIRST struck with broadcaster negotiators this summer,” said Tom Matzzie, a spokesman for musicFIRST.
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