As Broadcast Music, Inc. continues to champion the value of music and advocates for modifications to its consent decrees, the U.S. Copyright Office expressed its support through the findings of its study, “Copyright and the Music Marketplace,” released on Thursday, February 5, 2015. The study included a comprehensive review of the current system and provided recommendations that would benefit stakeholders in today’s digital marketplace.
BMI President and CEO Mike O’Neill commented on the study:
The report issued today by the Copyright Office confirms BMI’s position that music licensing, and specifically the archaic rules under which BMI must operate, is in need of change. We applaud the thoughtful work of the Copyright Office in envisioning a model where the songwriters, composers and publishers we represent, along with the creators of sound recordings, all stand on more equal footing. Today’s report is an important step in ensuring that our affiliates realize the fair market value for their creative efforts.