NEW YORK - December 18, 2001 - BMI today announced that it has signed
long-term music licensing agreements covering MSNŽ Music and Yahoo!. These
sites are some of the most successful, highly trafficked music sites on the
web and the agreements will cover all public performances of the
approximately 4.5 million songs and musical works in the BMI repertoire.
"We are happy that we have been able to arrive at equitable agreements that
help to build the Internet as a legitimate venue for the performance of BMI
music. Since we signed the industry's first music performance agreement for
the web in 1995, we have focused on creating agreements that work for our
licensees, songwriters and publishers alike," said Richard Conlon, Vice
President, Marketing and Business Development, Media Licensing, BMI. "These
most recent agreements underscore our dedication and that of our licensees
to developing the digital music market."
The agreements will cover the MSN Music service and Yahoo!. Once payment and
performance data is received, fees collected from the public performances on
the sites will be distributed as royalties to the songwriters, composers and
music publishers of the works BMI represents.
"This agreement with BMI will enable visitors to MSN Music to have access to
millions of songs from popular BMI songwriters," said Benjamin Kilgore,
general manager, MSN Music. "We are committed to delivering the best digital
music experience to consumers and today's announcement, coupled with our
unique technology, will make it even easier for consumers to discover their
favorite artists and new artists on MSN Music."
"Yahoo! is firmly committed to ensuring that artists and songwriters are
fairly compensated for the public performance of their music," said David
Goldberg, general manager, music, Yahoo!. "BMI has played a lead role in
that regard, and we are please to have entered into this agreement with
Founded in 1940, BMI is an American performing rights organization that
represents approximately 350,000 songwriters, composers and music publishers
from around the world and in all genres of music. Through its music
performance and reciprocal agreements, it grants businesses and media access
to its repertoire of approximately 4.5 million musical works. It was one of
the first established music companies to embrace the Internet to proactively
develop new revenue streams for songwriters.