Music Publishers Will Be Handed Millions of Dollars Next Year. Here’s Why
The Mechanical Licensing Collective has just announced its first-ever market share distribution for all of the royalty money that never found its rightful owner.
Starting in April, music publishing companies will receive approximately $7 million every month as part of a process mandated by the 2018 Music Modernization Act (MMA). This is the largest payout the biggest publishers will receive, due to a pool of unclaimed royalties that have accumulated over time.
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