Recent comments

Bestseller

The Music Modernization Act has been signed into law

The Music Modernization Act has been signed into law

Photo by Mark Wilson/Getty Images

President Trump has signed the Music Modernization Act (MMA) into law, officially passing the most sweeping reform to copyright law in decades. The bill, heralded by labels, musicians, and politicians, unanimously passed through both the House and Senate before going to the president.

The bill revamps Section 115 of the U.S. Copyright Act and aims to bring copyright law up to speed for the streaming era. These are the act’s three main pieces of legislation:

  • The Music Modernization Act, which streamlines the music-licensing process to make it eas ier for rights holders to get paid when their music is streamed online
  • The Compensating Legacy Artists for their Songs, Service, & Important Contributions to Society (CLASSICS) Act for pre-1972 recordings
  • The Allocation for Music Producers (AMP) Act, which improves royalty payouts for producers and engineers from SoundExchange when their recordings are used on satellite and online radio (Notably, this is the first time producers have ever been mentioned in copyright law.)

What does all this mean? First, songwriters and artists will receive royalties on songs recorded before 1972. Second, the MMA will improve how songwriters are paid by streaming services with a single mechanical licensing database overseen by music publishers and songwriters. The cost of creating and maintaining this database will be paid for by digital streaming services. Third, the act will take unclaimed royalties due to music professionals and provide a consistent legal proces s to receive them. Previously, these unclaimed royalties were held by digital service providers like Spotify. All of this should also ensure that artists are paid more and have an easier time collecting money they are owed.

As part of the MMA, blanket licensing and royalty payments will be more streamlined. As Meredith Rose from Public Knowledge told The Verge earlier this month:

“It also does a thing which you couldn’t really do with these kinds of licenses before: obtain a blanket license. You can license the whole corpus of musical compositions, and before you [didn’t have] an entity that was allowed to license everything. So if Spotify was starting today they’d be able to jump in and say, ‘Okay, I want all of it,’ write one check, and then just kind of go about their business.”

“The Music Modernization Act is now the law of the land, and thousands of songwriters and artists are better for it,” said Recordi ng Industry Association of America president Mitch Glazier in a statement. “The result is a music market better founded on fair competition and fair pay. The enactment of this law demonstrates what music creators and digital services can do when we work together collaboratively to advance a mutually beneficial agenda.”

Next Up In Culture

  • We spoke to the actual designer behind Kanye West’s iPlane pitch to the president
  • Kanye West gave an impromptu ‘keynote’ atop an Apple Store table in Georgetown
  • Failed Fyre Festival founder foiled, forfeits six years (and $26 million)
  • Kanye West’s iPhone passcode is 000000
  • Xbox One October update available today with new avatars, Dolby Vision, and Alexa support
  • Fortnite on Android is now available for everyone
Verge3.0_Logomark_Color_1

Command Line

Command Line delivers daily updates from the near-future.

By signing up, you agree to our Privacy Policy and European users agree to the data transfer policy. This Article has a component height of 14. The sidebar size is medium.Source: Google News Music

No comments