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Appeals court blocks BMI's proposed 138% royalty hike for Live Nation and AEG, citing flawed analysis.
The U.S. Court of Appeals has overturned a lower court’s approval of a 138% royalty rate hike by Broadcast Music, Inc. (BMI) for Live Nation and AEG, citing flawed analysis and sending the case back for further review.
The decision maintains current royalty rates while the case is remanded, with no final determination on the rate increase.
The ruling may influence future negotiations between music rights organizations and major entertainment companies over royalty valuations.
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El tribunal de apelaciones bloquea el aumento de regalías del 138% propuesto por BMI para Live Nation y AEG, citando análisis defectuosos.