Congress may actually fix music royalties
Despite constant gridlocks, a government shutdown, and an approval rating so low it couldn’t get into a European bar, Congress may be ready to update music licensing laws for the first time in 20 years. A bill called the Music Modernization Act has been introduced in the House and Senate over the past month, and it is designed to streamline the music licensing process to make it easier for rights holders to get paid when their music is streamed online.
The two bipartisan bills look to revamp Section 115 of the U.S. Copyright Act, with three major changes:
- It would create a new governing agency, which would issue blanket mechanical licenses to digital services, and collect and distribute royalties to rights holders. (This wouldn’t…
