Search Results for keywords:"mechanical licensing collective"

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Search Results: keywords:"mechanical licensing collective"

  • Type:Rule
    Citation:86 FR 6568
    Reading Time:about 17 minutes

    The Copyright Royalty Judges from the Library of Congress have amended regulations to revise how digital music providers pay for the costs of a mechanical licensing collective. This change aims to make the payment process fairer, particularly for smaller music licenses and download services, without altering the total fees. Starting in 2021, these fees will involve a flat rate for smaller licensees and those operating download stores, while larger users will face different rules. These amendments provide more flexibility and clarity in how these fees are allocated and paid.

    Simple Explanation

    Imagine there's a group in charge of giving out music stickers, and they decided to change how much everyone has to pay for them. They made it fairer so small sticker stores don't have to pay as much as big ones, starting in 2021.

  • Type:Rule
    Citation:86 FR 2176
    Reading Time:about 4 hours

    The U.S. Copyright Office issued a final rule under the Music Modernization Act (MMA) to address how digital music providers should handle and report accrued royalties for unmatched musical works. This rule aims to clarify the processes for transferring royalties to the Mechanical Licensing Collective (MLC) while ensuring accurate payments to songwriters and copyright owners. It addresses the necessity of estimates and adjustments to royalties due to unknown factors, like the pending final determination of royalty rates. The rule also considers previous private agreements to prevent double payments while ensuring that unmatched royalties are correctly transferred and accounted for.

    Simple Explanation

    Imagine a big music party where musicians get paid based on how many times people dance to their tunes. The new rule helps to make sure all the musicians, even the ones whose songs haven't been matched to the right payments yet, eventually get their fair share of the party money.