In response to today’s introduction by Senators Orrin Hatch (R-UT), Lamar Alexander (R-TN), Bob Corker (R-TN), Johnny Isakson (R-GA), Sheldon Whitehouse (D-RI), Kamala Harris (D-CA), Chris Coons (D-DE), Richard Durbin (D-IL), and Doug Jones (D-AL), of the Music Modernization Act, previously introduced in the House by Representatives Doug Collins (R-GA) and Hakeem Jeffries (D-NY), the following statement can be attributed to NAB President and CEO Gordon Smith:
“NAB commends the House and Senate cosponsors of the Music Modernization Act for finding a consensus solution to some of the core issues facing songwriters, music publishers, and on-demand streaming services. Compromise on music licensing has long proved elusive, and these lawmakers have carefully crafted legislation that benefits all of those parties.
“Unfortunately, the current bill text includes unrelated provisions that will almost certainly result in unjustifiable cost increases for local radio and TV broadcasters and many other music licensees, for whom the rest of the legislation is largely irrelevant. NAB has been diligently working with the bill sponsors and other stakeholders to resolve those concerns, and we sincerely appreciate the shared commitment to finding a workable solution.”