What's in the Music Modernization Act:
The Music Modernization Act has three main tenets:
- It creates a new organization which will be in charge of the digital mechanical licensing of a song. The new organization, run by publishers and songwriters, will be in charge of identifying copyright owners and paying them their royalties for when songs are played on Spotify, Apple Music, Amazon or other streaming services. The onus for licensing had fallen to the streaming companies, and at times they failed to properly licensing songs, leading to multi-million-dollar lawsuits and class action settlements.
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