The United States District Court for the Southern District of New York made public a decision in the proceeding to determine reasonable license fees to be paid to the American Society of Composers, Authors and Publishers (ASCAP) by AOL (Time Warner Inc.), RealNetworks Inc. and Yahoo! Inc. for their online performance of musical works.
The decision covers license fees for periods starting as far back as July 1, 2002, and continuing through December 31, 2009, for the performance of musical works in the ASCAP repertory by AOL, RealNetworks and Yahoo! Based on the formula established by the Court, the total payments to be made to ASCAP and its membership by these three services for that full period could reach $100 million. The Court's comprehensive 153-page decision was based on extensive evidence presented by both sides in the case.
ASCAP represents more than 320,000 songwriter, composer and music publisher members. It does not represent, and this decision has no relation to, the rights owned by record companies.
To read the full story and download the full court decision in PDF format, click here.