Turntable.fm is jammin’. Yesterday ASCAP (American Society of Composers, Authors and Publishers), one of the two behemoth music copyright holders in the U.S., gave Turntable its blessing to stream the 1.25 million songs in its catalog, and gushed about it at the same time: “A new turntable? No, not that kind of turntable!” And, today, ASCAP competitor BMI (Broadcast Music Incorporated) followed suit, giving Turntable.fm the rights to stream the 6.5 million songs in its catalog.
And, although its press release was less effusive, BMI also emphasized Turntable’s potential as a legit digital platform for copyrighted music:
“We are pleased to have reached an agreement that guarantees the more than 475,000 songwriters, composers and copyright owners BMI represents receive fair compensation for their creative efforts. This agreement is yet another step in our long tradition of breaking new ground in licensing music for digital distribution.”
Yeah, we know what’s up with the internets, says BMI:
BMI was the first music company to launch a website in September 1994 and the first to license music on the Internet in April 1995. It now has more than 6,000 licensees in all aspects of digital distribution of music. The company has built the industry’s most robust infrastructure for processing copyright transactions, which last year totaled more than 92 billion, the vast majority of them from the digital space.
While these licenses are not that hard to get, it’s significant that the two copyright-holders deigned to issue press releases–a good sign for Turntable.fm to have stodgy industry players at its back.