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Company profile

Apple Inc. designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players. The Company sells a range of related software, services, accessories, networking solutions, and third-party digital content and applications. The Company's segments include the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment includes European countries, India, the Middle East and Africa. The Greater China segment includes China, Hong Kong and Taiwan. The Rest of Asia Pacific segment includes Australia and the Asian countries not included in the Company's other operating segments. Its products and services include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings.

Closing Price
$331.50
Day's Change
9.18 (2.85%)
Bid
--
Ask
--
B/A Size
--
Day's High
331.75
Day's Low
323.23
Volume
(Heavy Day)
Volume:
34,312,550

10-day average volume:
27,461,739
34,312,550

Pro Music Rights Sues the Music-industry Cartel in Unprecedented Antitrust Lawsuit

5:16 pm ET March 9, 2020 (PR Newswire) Print

Today, Pro Music Rights, LLC sued the entire music industry for running an illegal cartel for the performance rights of musical works. "We have to be aggressive against the music industry, just as Global Music Rights is forced to do against the Radio Music License Committee," said Jake Noch, a pioneering visionary in the performance rights organization (PRO) space.

Filed in Connecticut federal court, Pro Music Rights, LLC v. Apple, Inc. et al., 3:20-cv-00309, Pro Music Rights' behemoth antitrust lawsuit joins the coordinators of the music cartel: Digital Media Association, National Religious Broadcasters Music License Committee, Radio Music License Committee, Inc., The National Association of American Wineries, and Television Music License Committee, LLC.

"They have to explain why they are boycotting Pro Music Rights and fixing prices for performance licenses," Mr. Noch adds. "We already sued Apple, Amazon, Google, YouTube, Spotify, 7Digital, Deezer, iHeartMedia, Rhapsody and SoundCloud in New York federal court for copyright infringement, and they too have to tell the public why they are refusing to deal with Pro Music Rights."

"Pro Music Rights has made numerous attempts to offer a license to its repertory. Despite these efforts, the cartel engaged in a group boycott and refused to deal with us," Jake continues

This antitrust lawsuit follows a bundle of 10 copyright lawsuits filed by Pro Music Rights against music streaming services in the U.S. District Court for the Southern District of New York in December 2019 and a billion-dollar lawsuit filed by Pro Music Rights against Spotify in the U.S. District Court for the Middle District of Florida in November 2019.

With an estimated 7.4% market share based on musical works, Pro Music Rights has rights to license about two million works from top artists including A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, Soulja Boy, Nipsey Hussle, 2 Chainz, Migos, Gucci Mane and Fall Out Boy, among others.

Noch said of the antitrust lawsuit, "Litigation was not our first choice but something had to be done to stop the buyers from bullying PMR out of the market in flagrant violation of antitrust laws." He explained, "We kept going back to the buyers to offer them a public performance license. Radio, T.V., music steaming services - they all collectively and uniformly ignored us in a group boycott for the past two years. WineAmerica even refused to accept our mail! We decided that enough was enough when the buyers continued to play our songwriters' music even after we had placed them on notice of their copyright theft. We had wanted to work things out but their brazenness was a slap in the face. We realized the buyers never intended to do business with PMR, and they have been running a cartel in the industry."

"They must be stopped, we will stop them," Noch says.

Noch concluded, "The buyer's cartel must be disbanded. They have strangled the rights of songwriters for much too long. Not only by not paying songwriters at all, they have reaped the benefit of below-market rates achieved through their monopsony power. There is no such thing as free market competition among buyers in the purchase of public performance licenses and that reality directly harms songwriters, not to mention their fans and fans-to-be."

About Pro Music Rights

Pro Music Rights is a public performance rights organization that ensures its members can earn a living from their music by licensing the public performances of their songs, collecting those license fees, and distributing royalties to its members. 100% of the license usage fees Pro Music Rights collects goes directly to songwriters, composers and music publishers as royalties.

Jake Noch may be contacted at jake@promusicrights.com, which is actively accepting new rightsholders, licensing arrangements and business relationships.

Pro Music Rights is represented in this antitrust lawsuit by its attorneys, Richard Gora and Sinead Rafferty, Partners of Gora LLC (http://goralaw.com/).

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View original content:http://www.prnewswire.com/news-releases/pro-music-rights-sues-the-music-industry-cartel-in-unprecedented-antitrust-lawsuit-301020110.html

SOURCE Pro Music Rights LLC

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