Martin Bandier, music publishing's most powerful executive, pulled the industry back from the brink when he decided to finally renew an agreement with BMI, one of the two largest performance rights organizations.

The Sony/ATV chairman/CEO has been engaged in a high-stakes chess match involving himself along with other publishers, digital music services like Pandora, the top two PROs (BMI and ASCAP) and the U.S. Department of Justice.

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