The Music Modernization Act (MMA), S.2334 ficially handed in a unanimous vote by the US Senate on Tuesday (Sept. 18).
The general purpose the act has been made clear — to change outdated music copyright legal guidelines and convey the music business into the present streaming age. The MMA act goals to perform three main issues:
- Ensure artists and songwriters obtain royalties on music recorded previous to 1972
- Effectively allocate royalties for music producers
- Update licensing and royalty guidelines for streaming providers
The US Senator most invested in pushing the MMA ahead, Orrin Hatch, made an announcement: “With this invoice, we're one step nearer to historic reform for our badly outdated music legal guidelines.”
Leading as much as the vote there was an important deal heated debate surrounding the MMA. Particularly the half about pre-1972 royalties, which SiriusXM strongly opposed. A protracted listing all-star musicians together with Paul McCartney and Katy Perry, plus songwriters, and executives stood by the MMA, and even threatened to boycott the radio firm.
Despite all of the drama, all of it got here all the way down to this vote. The Music Modernization Act is now in impact.
Source: | Photo Calder Wilson for Insomniac