Music Modernization Act updates music licensing and fee for artists

After passing unanimously via the Senate, President Trump signed the Music Modernization Act into legislation on Thursday, October 11.

The new act updates US copyright and licensing necessities that may higher match the streaming period and guarantees higher compensation for the artists whose music will get streamed on-line.

The act will even create a single licensing database, known as the Mechanical Licensing Collective (MLC), that may make it simpler to establish who owns the rights to what piece of music. It would be the job of the MLC to guarantee that each artists and labels obtain the proper payouts for the fabric they personal.

Rolled into the act is a bit of laws titled the Allocation for Music Producers Act. The motion from the US authorities ensures higher royalty payouts from on-line and satellite tv for pc radio for each producers and music engineers.

[Image: Getty Images]

Load the following article...

You may also like...