ASCAP and the Radio Music License Committee (RMLC) have reached a settlement to end their lawsuit over the licensing rates paid by thousands of radio stations, the groups said Monday (Aug. 18).

Hours after rival BMI announced it had reached such a deal with RMLC, ASCAP said that it, too, had settled its own parallel lawsuit against the radio group. Like BMI’s statement, the announcement from ASCAP said the deal had secured substantially higher rates for songwriters and publishers.

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“This deal locks in an impo

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