SESAC, TVMLC Reach Agreement on 2016-2019 Performance Rights Licenses

The Society of European Stage Authors and Composers said Wednesday it reached agreement in principle with the Television Music License Committee on terms for commercial TV stations’ performance rights licenses for 2016-2019. SESAC and TVMLC signed a term sheet on the agreement and are negotiating a final definitive agreement, SESAC said. The pact “will allow both parties to avoid the time and additional costs associated with an arbitration, and ... will allow SESAC to continue to focus on providing the best service possible for our affiliated writers, composers and publishers,” said SESAC CEO John Josephson in a news release. “We have avoided the costs and uncertainties of an arbitration, and look forward to continuing a productive relationship with SESAC in the years to come,” said TVMLC Chairman Charles Sennet.