Home News US Senate Passes Bill Modernizing Music Licensing And Payouts

US Senate Passes Bill Modernizing Music Licensing And Payouts



US Senate Passes Bill Modernizing Music Licensing And Payouts - Surge Zirc
Woman listening wireless music with headphones from a smart phone in the street/Photo credit: afp

The US Senate has unanimously passed the Music Modernization Act, which aims to bring the way the music business works in line with the digital age. Providing the bill is met with approval from the US Senate, and is subsequently signed by President Donald Trump.

ALSO READ: Legendary Singer 2Face Scoop Birthday Wishes From Fellow Celebs

The US Senate — renamed the Orrin G Hatch Music Modernization Act in honour of the Republican senior senator responsible for introducing the bill — will finally be enshrined into law. It’s not expected to meet any opposition.

The US Senate bill, in three parts, ensures all music rights holders are compensated more fairly for their work. It will create a publicly-accessible database, detailing who owns a song, making it easier for publishers and artists to be paid royalties.

ALSO READ: Firmino Stuns PSG As Messi’s Routine Brilliance Marks Start Of Champions League

Song reproduction charges have also been updated, to reflect market rates, and sound recording royalty rates will also be taken into account when considering performance royalty rates for songwriters and composers.

The US Senate bill has been a long time coming, with companies such as online radio SiriusXM and licensing organization SESAC creating issues along the way, but as SoundExchange CEO Michael Huppe said: “The future of the music industry got brighter today.

ALSO READ: Syria Downs Russian Plane, Moscow Blames Israel

Creators of music moved one step closer to getting paid more fairly. And industry forces that fought to maintain an unfair and harmful status quo were rebuffed.”

If this content is good enough for you, kindly use the buttons below to share it to your friend and families. Your can also forward a news you wish to see published on Surge Zirc to news@surge.ng

Surge It
WP Twitter Auto Publish Powered By : XYZScripts.com