US music rights management company BMI has clinched victory in a rate court dispute against live events promoters Live Nation, AEG, and the North American Concert Promoters Association (NACPA).
The win will see songwriters get a 138% increase in rates to 0.5% of every event’s revenue.
Live Nation downplayed the impact of the ruling on concert promoters, saying this will instead cost performers about $15 million a year, divided among thousands of artists
