Headline To Go
Cover Story
Tech Talk
Boardroom Talks
Sneaker Game
Inside the Boardroom

About Boardroom

Boardroom is a sports, media and entertainment brand co-founded by Kevin Durant and Rich Kleiman and focused on the intersection of sports and entertainment. Boardroom’s flagship media arm features premium video/audio, editorial, daily and weekly newsletters, showcasing how athletes, executives, musicians and creators are moving the business world forward. Boardroom’s ecosystem encompasses B2B events and experiences (such as its renowned NBA and WNBA All-Star events) as well as ticketed conferences such as Game Plan in partnership with CNBC. Our advisory arm serves to consult and connect athletes, brands and executives with our broader network and initiatives.

Recent film and TV projects also under the Boardroom umbrella include the Academy Award-winning Two Distant Strangers (Netflix), the critically acclaimed scripted series SWAGGER (Apple TV+) and Emmy-nominated documentary NYC Point Gods (Showtime).

Boardroom’s sister company, Boardroom Sports Holdings, features investments in emerging sports teams and leagues, including the Major League Pickleball team, the Brooklyn Aces, NWSL champions Gotham FC, and MLS’ Philadelphia Union.

All Rights Reserved. 2022.
Music March 29, 2023
Kenyatta Victoria
Kenyatta Victoria

Songwriters to Receive 138% Raise After BMI Wins Revenue Dispute

Ethan Miller/TAS23/Getty Images for TAS Rights Management
Last Updated: July 1, 2023
The new rate will be based on an expanded revenue base, factoring in tickets sold on the secondary market, servicing fees, and revenue gained from VIP packages.

Broadcast Music, Inc. (BMI) gained a massive win in its rates court dispute with Live Nation, a ruling that “ends decades of below-market rates for songwriters, composers and publishers in the live concert industry,” the company said. The decision, which will see BMI affiliates receive a rate that is 138% higher than the historical rate, was issued by Louis L. Stanton of the Southern District of New York.

The details of the ruling state that the new rate will be based on an expanded revenue base, forcing promoters to factor in things such as tickets sold directly on the secondary market, servicing fees for promoters, and revenue gained from suite/VIP packages.

“While we’re thrilled with this outcome, we find it incredibly disappointing that it took millions of dollars and years of litigation to get Live Nation, AEG and NACPA to finally pay songwriters, composers and publishers what they deserve,” BMI President and CEO Mike O’Neill said.

Stay Ahead of the Game, Get Our Newsletters

Subscribe for the biggest stories in the business of sports and entertainment, daily.

Live Nation representatives responded by saying that the revenue songwriters receive is going to come from the artist’s expenses, not the promoters.

“We advocated on behalf of artists to keep their costs down and managed to hold the increase to less than 1/3 of BMI’s proposed increase,” the Live Nation statement said. “This will cost the performers we work with approximately $15 million a year spread out over thousands of artists, and cost increases for Live Nation directly are not material.”

With this win under BMI’s belt, the company expressed this being a win for “below-market rates for songwriters, composers and publishers in the live concert industry.”

With this win under BMI’s belt, the company hopes to create a positive impact on newcomers in the music business regarding the royalties they receive for their live concert experiences in this new era.

“Today’s decision also underscores BMI’s continued mission to fight on behalf of our affiliates, no matter how long it takes, to ensure they receive fair value for their creative work,” O’Neil said.

More Music Stories:

Kenyatta Victoria

Kenyatta Victoria is a cross-topic journalist specializing in music and culture reporting. She has words in the Essence Girls United, The TRiiBE, and Chicago Reader.