BMI And Viacom Finalize Cable Music Royalty Deal
Broadcast Music Incorporated (BMI) today announced that it has reached an agreement on final license fees for the public performance of the BMI repertoire on Viacom’s cable television networks. In announcing the pact, John Shaker, BMI Senior Vice President, Licensing, said: “We’re pleased that we have been able to reach an equitable agreement with Viacom on behalf of BMI’s approximately 300,000 songwriters, composers and music publishers. With this accord, writers and publishers represented by BMI will be guaranteed a stable source of income for the performance of their works on Viacom’s cable networks through 2005.” The new contract covers Viacom’s… Read more »