SESAC Reaches Agreement On Settlement Of TV Stations' Lawsuit Over Excessive Fees
October 17, 2014 at 3:59 AM (PT)
SESAC is paying $58.5 million to settle a class-action lawsuit backed by the TELEVISION MUSIC LICENSE COMMITTEE over alleged anti-trust violations.
The suit, filed by E.W. SCRIPPS CORP., MEREDITH, and HOAK MEDIA in U.S. District Court in the Southern District of NEW YORK in 2009, alleged that SESAC overcharged television stations for its copyrights.
The settlement, which covers $42.5 million in overcharges for 2008-14 and includes attorneys' fees and also imposes a binding arbitration process for future disputes, must still be approved by Judge PAUL A. ENGELMAYER.