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Sesac Inc

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February 10, 1999 | security, with an expected maturity of 10 years--according to sources., Reuters
Sesac Inc., a 70-year-old, Nashville-based music-licensing company that handles the royalties of artists such as Bob Dylan and Neil Diamond, is planning to bundle future income from its music catalog and sell it as debt security.
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BUSINESS
February 10, 1999 | security, with an expected maturity of 10 years--according to sources., Reuters
Sesac Inc., a 70-year-old, Nashville-based music-licensing company that handles the royalties of artists such as Bob Dylan and Neil Diamond, is planning to bundle future income from its music catalog and sell it as debt security.
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BUSINESS
May 21, 2001 | JON HEALEY, TIMES STAFF WRITER
Online upstart Echo Networks has an Internet radio service unlike anything consumers have ever heard, one that--for a monthly fee--would let them collect digital copies of the songs played on Echo's online stations. That service won't reach a single subscriber, however, until Echo satisfies the record labels' and songwriters' demands for royalties. The problem for Echo--and every other online music service--is that the songwriters' collection agencies want to be paid twice for every tune.
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