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. These are the acts three main pieces of legislation: 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 process 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 couldnt really do with these kinds of licenses before: obtain a blanket license. You can license the whole corpus of musical compositions, and before you [didnt have] an entity that was allowed to license everything. So if Spotify was starting today theyd 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 Recording 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.
It provides for sweeping copyright reforms in streaming music era. Today, the president signed the Music Modernization Act into law with various celebrities, including Kid Rock, Mike Love and John Rich, present. This is one of the largest reforms to copyright law in decades, and it focuses on updating music copyright law to be current with the streaming era. It also will hopefully mean more royalties for artists and songwriters. The Music Modernization Act was unanimously passed by both the House and the Senate. The bill, which is officially named the Orrin G. Hatch Music Modernization Act, streamlines the process for music licensing and updates rules about royalties for streaming music. The goal is to ensure that both artists and songwriters are compensated for this method of listening. It also creates a publicly accessible database to make it easier to discern who should be paid for a particular song. The Classics Act is another part of the bill, and it ensures that artists are properly compensated for pre-1972 master recordings. Additionally, the Allocation for Music Producers (AMP) Act provides for increased compensation for producers and engineers when their music is used on online and satellite radio.