Radio Stations: Report Revenue to ASCAP, BMI, SESAC by April 1
Commercial radio stations are reminded of their obligation to report their prior year’s annual station revenues to ASCAP, BMI, and SESAC by April 1.
These performing rights organizations rely on this revenue information to calculate the royalties owed by the stations.
Failure to report income promptly can result in penalties. Commercial radio stations are encouraged to submit their revenue information through each organization’s online portal before the April 1 deadline.
Deadline for Reporting
Commercial radio stations are required to report their annual revenue to performing rights organizations (PROs) such as ASCAP, BMI, and SESAC. The deadline for reporting this information is April 1, 2024. Stations need to comply with this requirement to avoid penalties and ensure accurate royalties calculations.
Importance of Annual Revenue Reporting
Annual revenue reporting is crucial for PROs to determine the appropriate royalties that commercial radio stations owe for using copyrighted music. These organizations rely on the revenue information provided by stations to calculate the royalties accurately. Failure to report revenue can result in inaccurate royalty payments and potential legal consequences.
Penalties for Late Reporting
Stations that fail to report their annual revenue to PROs by the deadline may face penalties outlined in their license agreements. These penalties can include additional fees, suspension or termination of licensing agreements, and legal action. Therefore, stations need to submit the necessary revenue reporting promptly to avoid any negative consequences.
Performing Rights Organizations
The American Society of Composers, Authors, and Publishers (ASCAP) is one of the leading PROs in the United States. ASCAP represents the rights of songwriters, composers, and music publishers and collects royalties on their behalf. Commercial radio stations that use ASCAP-licensed music are required to report their annual revenue to ASCAP.
Broadcast Music, Inc. (BMI) is another major PRO that represents songwriters, composers, and music publishers. Commercial radio stations that use BMI-licensed music must report their annual revenue to BMI for accurate royalty calculations.
SESAC is a PRO that represents a diverse group of songwriters and publishers. Similar to ASCAP and BMI, commercial radio stations that use SESAC-licensed music are obligated to report their annual revenue to SESAC.
Global Music Rights (GMR) is a PRO that operates differently from ASCAP, BMI, and SESAC. While the other PROs have uniform agreements and procedures with the Radio Music License Committee (RMLC), GMR does not. Commercial radio stations using GMR-licensed music should consult their individual agreements for revenue reporting requirements.
Revenue Reporting Portals
Online Portals for ASCAP
ASCAP provides an online reporting portal where commercial radio stations can submit their annual revenue information. This portal is accessible through the ASCAP website.
Online Portals for BMI
BMI also offers an online reporting portal for commercial radio stations to submit their annual revenue. The BMI portal can be accessed through their website.
Online Portals for SESAC
SESAC provides an online reporting portal specifically designed for commercial radio stations to report their annual revenue. This portal is available on the SESAC website.
Accessing the Portals
Contacting the PROs
If commercial radio stations encounter any difficulties accessing the online reporting portals, they should contact their respective representatives at the PROs. The PROs’ representatives can provide the necessary assistance and guidance to ensure smooth access to the portals.
Notifying the RMLC
It is important to note that if any issues arise with the portals, commercial radio stations should contact their PROs directly, rather than reaching out to the RMLC. The RMLC has no control over the PROs’ online reporting portals.
Submitting Revenue Information
Importance of Timely Submission
Timely submission of revenue information is crucial to ensure accurate royalty calculations. By reporting their annual revenue by the April 1 deadline, commercial radio stations help PROs calculate the royalties owed more efficiently. The prompt submission also helps stations avoid penalties for late reporting.
With the deadline for reporting revenue approaching in just two months, commercial radio stations should prioritize submitting the necessary information. It is advisable to submit the revenue information as soon as possible to prevent any forgetfulness that may result in late reporting penalties.
February Regulatory Dates for Broadcasters
Annual EEO Public File Reports
During February, broadcasters are required to submit their annual Equal Employment Opportunity (EEO) Public File Reports. Broadcasters should ensure compliance with the FCC’s EEO requirements and submit these reports promptly.
C-Band Transition Reimbursement
Broadcasters engaged in the C-Band transition should be aware of important dates and deadlines related to reimbursement procedures. It is crucial to stay informed and meet all requirements to avoid potential delays or loss of funds.
February includes political windows for broadcasters, during which they must provide equal opportunities for political candidates to access airtime. Stations should be aware of the specific dates for their respective political windows and adhere to the FCC’s regulations.
February may also include other regulatory dates and requirements that are unique to individual broadcasters. Stations should stay informed through reputable sources and ensure compliance with all applicable regulations.