Universal Music Publishing has confirmed its intention to withdraw its digital rights controlled catalogues from US performance rights organisations ASCAP and BMI.
UMPG chairman and CEO Zach Horowitz confirmed the planned move in a statement to Billboard citing an inability from both societies to achieve market rates with digital services.
The decision relating to ASCAP will be effective on July 1 this year, while an effective date is being worked out for the exit from BMI.
“With the consent decree ...
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