Music Royalty Police Coming for iHeartMedia's Streaming Payments
Published Date: 1/14/2025
Notice
Summary
SoundExchange is planning to audit five webcasters—four commercial and one noncommercial—to check if their royalty payments for 2021-2023 are correct. This means these companies need to get ready for a close look at their records, which could affect how much they owe or get back. The audits kick off soon, so everyone involved should stay sharp and on schedule!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Five Webcasters Face Royalty Audits
SoundExchange filed notices on December 20, 2024 to audit Beasley Mezzanine Holdings, LLC; Family Stations, Inc.; Hubbard Broadcasting, Inc.; iHeartMedia; and Midwest Communications, Inc. for their royalty statements covering the calendar years 2021, 2022, and 2023. Those named licensees must prepare for a detailed review of records and the audits could change how much each company owes or is owed under the statutory licenses.
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