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BROADCASTERS’
NEWS BULLETIN
Issued by
THE NATIONAL ASSOCIATION OF BROADCASTERS
NATIONAL PRESS BUILDING * * * WASHINGTON, D. C.
PHILIP G. LOUCKS/ Manoging Director.
April 28, 1932
The National Association of Broadcasters has reached an amicable agree¬ ment with the American Society of Composers, Authors and Publishers to nego¬ tiate the question of the fees to be paid by the broadcasters for copyright American music. This agreement was reached following the announcement by the Society that broadcasters would have to increase their present annual payments of approximately $1,000,000 by $3,000,000 to $4,000,000 a year, starting June 1 next.
The agreement involves the immediate opening of negotiations between committees of the two organizations in the hope of reaching before Septem¬ ber 1 a working basis satisfactory to both, and the American Society, mean¬ time, has suspended its demands until September 1 unless the two committees shall be able to come to an accord before that date.
A decision to negotiate ensued upon the broadcasters notifying the American Society that the broadcasting industry v;as wholly unable to sup¬ port such total payments as had been suggested, and that further, it could not agree to the proposed basis of assessment.
The strong mutual interest which broadcasters, composers, authors and publishers all have in fostering American music, which can only be done by insuring adequate and equitable returns to the produ(srs of such music, was heartily recognized by both sides in agreeing upon a course which has served to prevent the impasse which threatened as of June 1.