NAB President and CEO Gordon Smith issued a statement today in response to a statement made by a representative from the musicFIRST Coalition, which suggested that an agreement had been reached in July regarding the performance fee issue.
Commenting, Smith said:
"We are disappointed by comments from our friends at musicFirst representing that there was a definitive July agreement or a handshake settlement with NAB on terms for resolving the performance royalty issue. This is demonstrably false. If this were true, why would our two sides have continued with negotiations in August, September and October?"
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