The Machinery Licensing Collective (The MLC), the entity that collects machinery royalties in the United States, announced that it has distributed nearly $2.5 billion in royalties since it began operating three and a half years ago.
Approximately US$1 billion Just in the past year (MLC reported in October 2023 that it had distributed US$1.5 billion Since March, the organization has confirmed that it has exceeded US$2 billion Royalties allocated to publishers and songwriters.
MLC is based on Music Modernization Act (mixed martial arts), which calls for the establishment of an agency to administer the issuance of a blanket set of mandatory mechanical licenses to qualified streaming services operating in the United States.
MLC said that since its first monthly royalty distribution in April 2021, it has registered a number 47,000 members, including 11,000 2024 to present.
Its publicly accessible music library now includes 42 million works, including 7 million Added this year. This music ownership database has a match rate of over 90%the MLC has received and approved nearly 2 million Proposed matches submitted by members through their matching tool.
MLC spending includes US$150 million The collective said in a statement released on Friday (October 11) that this was a historic royalty.
“We are extremely grateful for the support we have received from our members and industry partners,” said the MLC chief executive. Chris Arendsaid in a statement.
“It is because of their support and collaboration that we are able to fulfill our mission so effectively and achieve these milestones.”
Arend added that the MLC remains “committed to delivering world-class services that support our members, increase transparency, drive innovation and transform the way rights are managed in the music industry.”
“We remain committed to delivering world-class services, supporting our members, increasing transparency, driving innovation and transforming the way rights are managed in the music industry.”
Kris Ahrend, Mechanical Licensing Collective
Additionally, MLC announced two new appointments and one re-appointment to its Board of Directors, which is comprised of songwriter and music publisher representatives.
MLC’s A-list members elect Istanbul-born songwriter and record producer Warren “Oak” Felder Join the Board of Directors as Songwriter Director, while B-level members elect Jason ReeseCEO wesson music publishing houseto the Board of Directors as Publisher Director.
They were also re-elected Rey LafarguePresident and Chief Operating Officer reservoir mediaagain as publishing director for a three-year term.
The MMA provides that the MLC Board of Directors shall consist of 10 representatives of music publishers and 4 professional songwriters, who retain and license the mechanical rights to their works.
The collective has proven to be a fierce advocate for the mechanical rights of its members, Spotify Earlier this year, the streaming service decided to take it to court over its decision to pay lower mechanical royalty rates by announcing that its premium subscription service would be “bundled” with audiobooks.global music business
