XM and ASCAP Announce New Long-Term Music Licensing Agreement
NASHVILLE, Tenn. and WASHINGTON, July 24 /PRNewswire-FirstCall/ -- XM Satellite Radio (Nasdaq: XMSR) and the American Society of Composers, Authors & Publishers (ASCAP), today announced that they have entered into a new five-year music licensing agreement.
The agreement provides for XM Satellite Radio to pay licensing fees (royalties) to ASCAP for the public performance of copyrighted musical compositions in the Society's repertory of over seven million works.
"XM's commitment and support of the music industry have helped provide millions of music fans an exciting new way to enjoy the music created by ASCAP's 250,000 songwriter, composer and publisher members," said Vincent Candilora, Senior Vice President and Director of Licensing of ASCAP. "And there's no question that the talent of ASCAP's members has had a strong impact on XM's subscription growth. We sincerely appreciate their recognition of the contributions made by our members."
"XM is pleased to renew our agreement, which compensates ASCAP's composers and lyricists for their important contributions," said Eric Logan, Executive Vice President of Programming at XM Satellite Radio. "We look forward to continuing our productive and mutually beneficial relationship with ASCAP and its members."
About the American Society of Composers, Authors & Publishers (ASCAP)
Established in 1914, ASCAP is the world's largest performing rights organization with over 130,000 composer, lyricist and music publisher members. ASCAP's repertory spans the entire spectrum of music -- from pop to symphonic, rock to gospel, Latin to country, to jazz, rhythm and blues, theater, film and television music. ASCAP's Board of Directors is made up solely of writers and publishers elected by the membership.
NASHVILLE, Tenn. and WASHINGTON, July 24 /PRNewswire-FirstCall/ -- XM Satellite Radio (Nasdaq: XMSR) and the American Society of Composers, Authors & Publishers (ASCAP), today announced that they have entered into a new five-year music licensing agreement.
The agreement provides for XM Satellite Radio to pay licensing fees (royalties) to ASCAP for the public performance of copyrighted musical compositions in the Society's repertory of over seven million works.
"XM's commitment and support of the music industry have helped provide millions of music fans an exciting new way to enjoy the music created by ASCAP's 250,000 songwriter, composer and publisher members," said Vincent Candilora, Senior Vice President and Director of Licensing of ASCAP. "And there's no question that the talent of ASCAP's members has had a strong impact on XM's subscription growth. We sincerely appreciate their recognition of the contributions made by our members."
"XM is pleased to renew our agreement, which compensates ASCAP's composers and lyricists for their important contributions," said Eric Logan, Executive Vice President of Programming at XM Satellite Radio. "We look forward to continuing our productive and mutually beneficial relationship with ASCAP and its members."
About the American Society of Composers, Authors & Publishers (ASCAP)
Established in 1914, ASCAP is the world's largest performing rights organization with over 130,000 composer, lyricist and music publisher members. ASCAP's repertory spans the entire spectrum of music -- from pop to symphonic, rock to gospel, Latin to country, to jazz, rhythm and blues, theater, film and television music. ASCAP's Board of Directors is made up solely of writers and publishers elected by the membership.
