SESAC has agreed to pay $58.5 million to TV stations in a settlement with the Television Music License Committee, involved with a class-action suit filed against the privately owned Performing Rights Organization for alleged antitrust behavior. The suit was filed on behalf of local television broadcasters, with TMLC establishing the legal bills. The settlement will reimburse stations for around $42.5 million in excess fees, as well as TMLC's legal fees of $16 million. In agreeing to settle the case, SESAC has denied any violations of antitrust law, but has negotiated industry-wide agreements with TLMC for 20 years.
Universal Music Publishing Group has signed Neil Diamond to a worldwide publishing administration agreement. UMPG will provide global copyright administration for the entirety of Diamond's back catalog as well as all of his future work, including his new studio album, Melody Road. His songs will also be represented for synchronization in film, TV, advertising, and other media.
Big Deal Music has re-signed Dan Wilson, lead singer for Semisonic, to its joint venture deal with BMG Chrysalis. Along with 90's hits like "Closing Time" and "Secret Smile", Dan Wilson has also had recent success with songs like Adele's "Someone Like You", Dixie Chicks' "Not Ready To Be Nice", and Taylor Swift's "Treacherous". Big Deal will represent the Semisonic back catalog and his future work.