Brian Penick, writing for Soundstr, details the “consent decree” and how it impacts songwriters and publishers:
While the music industry can seem glamorous, it does have its “unsexy” parts just like any other business sector. For songwriters, one of the least discussed (yet most important topics) is music licensing. But major changes to the consent decree – the federal agreement that governs how ASCAP and BMI operate – is bringing this topic to the surface.
The truth is, these changes could be the biggest in the music industry in 75 years and greatly impact your career.