The fallout continues from the DOJ's hugely controversial decision on government Consent Decrees and 100% licensing. Today three major players from the indie sector weigh in.
We, the undersigned, represent the independent music publishing and record label community in North America, and want to lend our unified voice to the recent press and discussion regarding the outrageous position the Department of Justice (DoJ) has taken with regard to the ASCAP and BMI consent decrees.
The heart of the music business is the song. No recording artist would exist without a song, and songs would not exist without songwriters. The songwriters are the smallest of small businesses, and many of them control the ownership to their songs. A significant number of songwriters have entered into mutually beneficial agreements with music publishers who develop and promote their songs. The independent music publishing and record company sector is over one-third of the music industry in North America and employs thousands. While each company may vary in size and have relationships with major labels and/or music publishers, they all share the same independent DNA. The vibrant, diverse and dynamic music business we know today was built by songwriters, independent music publishers, and independent record labels… but that’s all about to change.
