Search Results for keywords:"Music Modernization Act"

The U.S. Copyright Office, part of the Library of Congress, has issued a correction to a final rule published on January 11, 2021. The rule pertains to the responsibilities of digital music providers in transferring and reporting royalties for unmatched musical works to a mechanical licensing collective. This action is related to the Music Modernization Act, which aims to address unlicensed use of musical works. The correction involves specific amendments to section 210.10 of the associated regulation.

The U.S. Copyright Office has introduced an interim rule aimed at safeguarding confidential information managed by the mechanical licensing collective and the digital licensee coordinator under the Music Modernization Act. This rule establishes procedures to secure private and sensitive data and regulates who has access to this information, emphasizing that disclosure should be limited to authorized personnel for specific tasks. The rule was created after receiving public comments, and it aims to balance transparency with protecting confidential business and personal data. It includes provisions for handling how this information can be shared and used, ensuring compliance with statutory licensing requirements.

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.