Quantcast

MLC COMPLETES FIRST ROYALTY DISTRIBUTION

The Mechanical Licensing Collective (MLC) announced the completion of its first monthly distribution of mechanical royalties, another important step in realizing the promise of the Music Modernization Act. 

The distribution process started in February when DSPs began reporting their streaming and download usage data for January 2021, for which the royalty pool totaled more than $53 million. The MLC was able to match about 80% of the reported royalties to works registered in its database, which is in line with industry benchmarks for initial matching.

Next, the MLC established which uses were covered by voluntary licenses between DSPs and copyright owners, determining that the remaining amount of mechanical royalties owed by DSPs totaled more than $40 million. These royalties were successfully successfully collected and included. The results are $24 million in matched royalties paid by the MLC to its Members and $16.4 million currently pending distribution. The pending distribution breaks down as: $4.9 million in matched royalties for registered works for which claims haven't been submitted; $500k in matched royalties on legal hold; and $11 mllion related to usage that the MLC has not yet been able to match in its public database.

Kris Ahrend, the MLC’s CEO, said: “Thanks to the hard work and diligence of our team, and the cooperation and support of our many partners, we have now begun fulfilling our important mission of ensuring that rightsholders receive their proper share of the blanket mechanical royalties paid by DSPs.” 

As the MLC continues working to reduce the amount of royalties pending distribution it encourages its members to check and update their data in the MLC portal and rightsholders who are not members to join the MLC and register their songs. (Note: royalties pending distribution will accrue interest until distribution). 

DUO TO RULE ISLAND
Two heads are better than one. (6/18a)
GUETTA GOES GLOBAL WITH WARNER MUSIC
Bugs is dancing in the street. (6/18a)
REVENUE CHART:
LIL BIG BUCKS
Pull up the Brinks truck. (6/18a)
TOP 20: POLO MATCH
Looks like we have a horse race. (6/17a)
MUSIC’S HOTTEST FIRMS: GREENBERG TRAURIG
Myriad lawyers, no waiting. (6/18a)
RHYTHM, BLUES AND THE FUTURE
The musical tapestry we know as R&B.
WHO'S NEXT?
Predicting the next big catalog deal.
JUST THE VAX, MA'AM
Once we all get vaccinated, how long before we can party?
WORLDWIDE GROOVE
How is globalization bringing far-flung territories into the musical mainstream?
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)