U.S. considers updating music licensing accords with ASCAP, BMI

June 4, 2014 4:11 AM

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WASHINGTON (Reuters) - The U.S. Department of Justice is considering changing or scrapping agreements it reached with two music licensing giants more than 70 years ago to freshen them up for the Internet age, the department said in a statement.

The move follows a push from the American Society of Composers, Authors and Publishers (ASCAP) and Broadcast Music Inc (BMI), which license about 90 percent of music heard on online services, in movies, televisions and restaurants.

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