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Sony/ATV threatens to withdraw from ASCAP and BMI

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First published on www.latimes.com

Bandier told songwriters that the company is considering “other options, including the potential complete withdrawal of all rights from ASCAP and BMI.”

That would be a major step, as royalties from streaming services have long been an area of dispute as companies including Pandora, Spotify and YouTube become more prominent.

Besides a continuing surge in vinyl records, streaming is the music industry’s one growing segment. Total audio and video on-demand music streams increased 42% in the first half of 2014 compared with the same period last year, according to Nielsen SoundScan.

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