Music industry hails passage of the Music Modernization Act | WHAT REALLY HAPPENED


Music industry hails passage of the Music Modernization Act

American politics may be polarized, but a new law signed by President Trump on Thursday suggests that liberals and conservatives agree on the need for a better system to compensate musicians and songwriters in the digital era.

The Music Modernization Act, co-sponsored by Sen. Orrin G. Hatch (R-Utah) and Rep. Bob Goodlatte (R-Va.), is a response to the modern world of music streaming and satellite radio — platforms that did not exist when laws governing royalty payments to music creators and license holders were drafted decades ago.

The comprehensive music licensing bill corrects a number of pre-digital-era anachronisms. It creates a new independent entity that will license songs to companies that play music online, and then pay songwriters, including those who released hits decades ago before federal music copyrights took effect.

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