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President Trump signed the Music Modernization Act into law

President Trump signed the Music Modernization Act into law
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WASHINGTON, DC – OCTOBER 11: (AFP OUT) U.S. President Donald Trump speaks as Kid Rock, left, listens, prior signing a H.R. 1551, the ‘Orrin G. Hatch-Bob Goodlatte Music Modernization Act’ during a ceremony in the Roosevelt Room of the White House on October 11, 2018 in Washington, DC. (Photo by Oliver Contreras – Pool/Getty Images)

President Trump signed the Music Modernization Act into law Thursday, finalizing landmark reform to United States copyright law.

Witnessed by industry executives and such recordings artists as Kid Rock and John Rich.

Kid Rock, Mike Love of the Beach Boys, Sam Moore of Sam & Dave and John Rich of Big & Rich were among the musicians who joined Trump at the signing ceremony.

Effort started an years ago and was renewed last year, the compromise legislation, which ultimately took much more compromise than the initial version of the bill anticipated, will present a whole new set of business conditions on the music publishing industry that hopefully will be worth with the reward of higher rates for songwriters and publishers.

The act offers three key updates:

  • The creation of an organization — led by songwriters and publishers — charged with overseeing a mechanical licensing database. The organization plans to ensure copyright owners are paid when songs are streamed on services such as Spotify, Apple Music and Amazon. Streaming services previously held this responsibility.
  • Artists receive royalties on songs recorded before 1972. This closes a digital radio loophole that prevented digital radio from being obligated to pay royalties on songs released before 1972.
  • Creating a uniform payment process for music producers to receive royalties.

While songwriters are expected to enjoy better payouts from the law, on-demand services derive a huge benefit too in that the blanket license insures that they won’t be hit with copyright infringement lawsuits if they follow the rules correctly.

In a statement Spotify applauded the legislation, calling the way it previously had to do business as outdated. “One of our core missions at Spotify is to enable a million artists to make a good living from what they love: creating and performing music,” Spotify’s general counsel and VP of business & legal affairs Horacio Gutierrez, said in a statement. “The Music Modernization Act is a huge step towards making that a reality, modernizing the outdated licensing system to suit the digital world we live in. The MMA will benefit the music community and create a more transparent and streamlined approach to music licensing and payment for artists.”

Share with Friends
WASHINGTON, DC – OCTOBER 11: (AFP OUT) U.S. President Donald Trump speaks as Kid Rock, left, listens, prior signing a H.R. 1551, the ‘Orrin G. Hatch-Bob Goodlatte Music Modernization Act’ during a ceremony in the Roosevelt Room of the White House on October 11, 2018 in Washington, DC. (Photo by Oliver Contreras – Pool/Getty Images)

President Trump signed the Music Modernization Act into law Thursday, finalizing landmark reform to United States copyright law.

Witnessed by industry executives and such recordings artists as Kid Rock and John Rich.

Kid Rock, Mike Love of the Beach Boys, Sam Moore of Sam & Dave and John Rich of Big & Rich were among the musicians who joined Trump at the signing ceremony.

Effort started an years ago and was renewed last year, the compromise legislation, which ultimately took much more compromise than the initial version of the bill anticipated, will present a whole new set of business conditions on the music publishing industry that hopefully will be worth with the reward of higher rates for songwriters and publishers.

The act offers three key updates:

  • The creation of an organization — led by songwriters and publishers — charged with overseeing a mechanical licensing database. The organization plans to ensure copyright owners are paid when songs are streamed on services such as Spotify, Apple Music and Amazon. Streaming services previously held this responsibility.
  • Artists receive royalties on songs recorded before 1972. This closes a digital radio loophole that prevented digital radio from being obligated to pay royalties on songs released before 1972.
  • Creating a uniform payment process for music producers to receive royalties.

While songwriters are expected to enjoy better payouts from the law, on-demand services derive a huge benefit too in that the blanket license insures that they won’t be hit with copyright infringement lawsuits if they follow the rules correctly.

In a statement Spotify applauded the legislation, calling the way it previously had to do business as outdated. “One of our core missions at Spotify is to enable a million artists to make a good living from what they love: creating and performing music,” Spotify’s general counsel and VP of business & legal affairs Horacio Gutierrez, said in a statement. “The Music Modernization Act is a huge step towards making that a reality, modernizing the outdated licensing system to suit the digital world we live in. The MMA will benefit the music community and create a more transparent and streamlined approach to music licensing and payment for artists.”