Washington, D.C. — March 1, 2019 — Today, the MIC Coalition released the following statement:
The ASCAP and BMI consent decrees were originally established to guard against anticompetitive behavior and we have seen no evidence that they have outlived their intended purpose. If anything, they are more critical than ever in an increasingly complex and diverse licensing environment which, without measures that ensure an orderly market, is ripe for abuse. Modifying the existing decrees for the sake of change, alone, will not lead to the advent of a new and improved licensing regime that yields greater competition or adequately protects consumer interests. In contrast to the desire of some to pursue a rash and lopsided revision, the MIC Coalition thanks Senate Judiciary Chairman Lindsey Graham (R-SC) and other Members of Congress for approaching this conversation in a thoughtful and collaborative manner seeking to establish principles for a satisfactory alternative legislative framework before any efforts to terminate the decrees.