New York — Turntable.fm and Spotify came closer to ending questions about their legitimacy Thursday by obtaining a license from BMI (Broadcast Music Inc.).
The agreements come just a day after the social music program secured an agreement with the ASCAP (American Society of Composers, Authors and Publishers).
“We are pleased to confirm that we have reached agreements that guarantee fair compensation for the more than 475,000 songwriters, composers and copyright owners who entrust BMI with their public performance right,” said Richard Conlon, senior vice president, Corporate Strategy/Communications & New Media. “Both agreements represent yet another step in our long tradition of breaking new ground in licensing music for digital distribution.”
BMI became the first rights organization to license music on the Internet in 1995, and the first to launch a website in 1994.
Related Links:
http://tinyurl.com/3k5nmwg (BMI)
http://tinyurl.com/3klqev6 (Mashable)
