In the Streaming Era where does ASCAP & BMI fit in?

In the Streaming Era where does ASCAP & BMI fit in?

In traditional music recording, artists have had to choose to license their music through major music industry organizations like ASCAP and BMI. In the age of streaming music through Spotify, Pandora and other services what is the purpose of these organizations? The licensing groups have served as clearinghouses for smaller players in the music industry who cannot feasibly deal with multitudes of licensees on their own.

 

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