On October 16, 2012, the American Federation of Musicians (“AFofM”) Commercials Contract expired.

As you may know, the JPC on behalf of the industry proposed a 2-year extension to the current contract with a 1% increase in Pension Fees applicable to music tracks recorded on or after October 17, 2012. The JPC awaits a response to our proposal from the AFofM. In the interim, please be advised that all terms and conditions of the expired contract continue to apply.

We will update you when we receive a response from the AFofM.