STATEMENT FROM IRVING'S GMR ON RADIO SETTLEMENT

You'll recall that Irving Azoff's PRO Global Music Rights (GMR), which represents 70+ songwriters, filed suit earlier this month against the Radio Music Licensing Committee (RMLC), which it described as a "cabal" of collusive radio station owners. Now a settlement has been reached; GMR's counsel, Dan Petrocelli of O'Melveny & Myers, released the following statement:

"Today, GMR has offered a license to all radio stations represented by the RMLC allowing the stations to play GMR’s repertoire in exchange for specified license fees. This license extends through September 30, 2017 and gives everyone additional time to negotiate long-term licenses with GMR. GMR offered this license to the RMLC last month, but the RMLC refused it and, instead, chose to sue and seek an injunction. With today’s agreement, the RMLC has withdrawn its request for an injunction and radio stations across the country will have the opportunity to offer their listeners GMR’s quality music.”