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Justice Dept. to formally review music-licensing rules, WSJ reports.

The Justice Department opened a formal review of music-licensing rules that have been in place since 1941, a process that "could shake up how businesses, broadcasters and digital streaming services secure rights from songwriters and publishers," according to the Wall Street Journal's Anne Steele and Brent Kendall. David Israelite, CEO of the National Music Publishers' Association trade organization, said, "We welcome the Department's review of the burdensome regulations which have unfairly devalued the work of thousands of songwriters for far too long." Publicly traded companies involved in music streaming include Spotify (SPOT), Sirius XM (SIRI), Apple (AAPL), and Amazon (AMZN). [Reference Link]:[]

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Publication:The Fly
Date:Jun 5, 2019
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