“Today marks a critical milestone in the new mechanical licensing regime established by the Music Modernization Act (MMA) two years ago. As announced by The Mechanical Licensing Collective (The MLC), 20 digital music providers (DMPs) transferred a combined $424.4 million in historical unmatched royalties and accompanying historical usage information, representing the remaining royalties that have been unpaid to copyright owners after years of concerted effort by the streaming services and their partners. These royalties are a small fraction of the overall mechanical royalties that have been paid out during that time period.
“The MLC now has in one centralized operation the usage data and corresponding royalties that are critical components for delivering on the promise of the MMA and allowing The MLC to meet its commitment to efficiently and effectively distribute royalties to those who have earned them.”
About the Digital Licensee Coordinator (DLC)
The Digital Licensee Coordinator (DLC) is the representative of digital music services in the new music licensing system in the United States created by the Music Modernization Act. Working with the Mechanical Licensing Collective (MLC), the DLC will share the knowledge and experience of digital music services, support educational efforts for licensees and copyright owners, and collaborate to ensure the MLC efficiently and effectively fulfills its mandate. Find out more at www.DigitalLicenseeCoordinator.org