NMPA President: Unmatched Royalties Finally Turned Over to MLC Brings Insight and Progress | Billboard Biz
Songwriters and music publishers have for years fought to ensure they were paid accurately and fully by digital streaming services. Unmatched money – or that which streaming platforms have kept because they claim they couldn’t find who to pay – has plagued the music industry not only because money wasn’t being paid out, but also because the services wouldn’t divulge the scope of how much they were holding on to.
Now, thanks to the Music Modernization Act (MMA), we finally know that once elusive amount and it can make its way to its rightful owners. Yesterday, the Mechanical Licensing Collective (MLC), an administrative nonprofit created by the MMA and overseen by publishers and self-published songwriters, announced that just under $425 million in unmatched money was turned over – not including money previously paid out in multiple million dollar settlements. This breakthrough proves how broken the system was, how much the MMA was needed and how much songwriters have to benefit from the protections it put in place. This is a massive win for music creators and also reveals a great deal about the streaming services themselves, most notably, how much they needed the MMA as well.