Music Modernization Act

The Senate passed a bill yesterday about music rights, and the RAMP Newsletter has the details...

The three-part legislation would accomplish the following: 1) For Songwriters: Create a new and transparent collection entity to ensure that songwriters always get paid for mechanical licenses when digital services use their work while helping ASCAP and BMI secure fairer rates for their songwriters. Establish fair compensation for songwriters when the government sets rates. 2) For Artists: Closes the "pre-1972 loophole" so that digital services will pay legacy artists the compensation they deserve and establish fair compensation for artists when the government sets rates. 3) For Studio Pros: Gives copyright protection to producers and engineers for the first time in history.

Good news for musical artists who have really been taken advantage of since the beginning of time.