Search Results for keywords:"royalties reporting"

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Search Results: keywords:"royalties reporting"

  • Type:Rule
    Citation:86 FR 7653
    Reading Time:about a minute or two

    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.

    Simple Explanation

    The U.S. Copyright Office made a small fix to some rules about how online music companies pay and report money for music they use but don't own, to make sure everything is clear and works right. This is part of a bigger plan to help musicians get paid fairly for their work.