Irving Azoff’s music rights firm has settled its five-year legal battle with the group that represents more 10,000 radio stations, ending a fight that threatened to undermine the 80-year-old arrangement under which artists are paid for commercial airplay.
Azoff’s Global Music Rights and the Radio Music License Committee filed a joint stipulation on Monday to dismiss the antitrust lawsuits that they had filed against each other in 2016. The two sides also announced in a press release that a majority of commercial radio stations have agreed to a long-term license with GMR, which allows the settlement to take effect.
GMR launched in 2013 as a direct challenge to ASCAP and BMI, the performance rights organizations that control more than 90% of music copyrights. Azoff was able to obtain rights from a relative handful of songwriters whose songs had been performed by John Lennon,…
