BMG has signed up The Rolling Stones to represent the band globally in pursuing collections of master recording performance rights royalties when their songs are played on radio and television, also known as neighboring rights.
While in the U.S., master recording performance royalties are only paid when music is played on digital and satellite radio — and not when tracks play on terrestrial radio or TV — in most other countries those rights receive royalty payments for that kind of play in addition to digital. This signing gives a big boost to BMG's neighboring rights service, launched only six months ago.
"If you are in the business of selling services to artists and songwriters, these are the kinds of client you dream of attracting," BMG CEO Hartwig Masuch said in a statement. "We are immensely grateful to Sir Mick [Jagger], Keith [Richards], Charlie [Watts] and Ronnie [Wood] for putting their faith in us."