Following a lengthy arbitration proceeding, SESAC and the Radio Music License Committee (RMLC) have finalized their licensing rate agreement for 2023-2026.

Key Details of the Agreement:

• New rate: 0.2824% of each station's net revenue
• Represents a 10.4% increase from previous rate of 0.2557%
• Non-music stations will maintain substantial discounts
• Applies to approximately 10,000 U.S. terrestrial stations

SESAC President Scott Jungmichel highlighted two significant victories:

• The 10% rate increase despite RMLC's attempts to lower rates
• A broader revenue base for fee calculations compared to the 2017 agreement

This resolution follows several other recent music licensing disputes, including:

• RMLC's settlement with Global Music Rights (GMR)
• GMR's resolution of payment complaints against Red Wolf Broadcasting and One Putt Broadcasting
• A recently dismissed case between GMR and Vermont Broadcast Associates

The final long-form terms are still being finalized, with specific details expected to be released in the coming weeks.

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