They are a panel of three judges which sets the statutory compensation rate for music played on streaming services. Their goal is to set it at a market rate of

They are a panel of three judges which sets the statutory compensation rate for music played on streaming services. Their goal is to set it at a market rate of what a willing seller and a willing buyer would agree to. It is what keeps streaming stations from having to have lawyers negotiate hundreds of deals for the content they play and then still get sued when they screw up and play an unlicensed song.