XM, ASCAP Reach Deal

XM, ASCAP Reach Deal
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XM and ASCAP have signed a new five-year music licensing agreement.
The deal provides for XM to pay licensing fees to ASCAP for the public performance of copyrighted musical compositions in the ASCAP repertory.
Vincent Candilora, senior vice president and director of licensing of ASCAP, said the talent of ASCAP members has had a strong impact on XM's subscription growth.
Established in 1914, ASCAP considers itself the world's largest performing rights organization with more than 130,000 composer, lyricist and music publisher members.