@shirleyhalperin: Variety Reveals $1,500,000,000 First Unmatched Payment to Collective Under Music Modernization Act

[Editor Charlie sez: Now we understand what the rush may be!]

The DSPs are holding some $1.5 billion in unmatched mechanical royalties. If the MMA passes, that money would be passed through to the MLC which would match it to the songwriters and publishers.

Read the post on Variety

[UPDATE:  The quoted language in the Variety story has changed:]

The DSPs are holding some $1.5 billion in unmatched mechanical royalties — that total is the sum of all Notice of Intent (NOI) filings currently parked at the U.S. Copyright office, and is climbing. If the MMA passes, that money would be passed through to the MLC which would match it to the songwriters and publishers.

 

 

 

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