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Songwriters & Publishers Due Nearly $400M After Final Streaming Royalty Rate Determination

Songwriters and music publishers are due nearly $400 million in streaming payments following the Copyright Royalty Board's final rate determination.

Songwriters and publishers are due nearly $400 million in additional payouts following the Copyright Royalty Board ‘s Phonorecord III final determination in August, according to information the Mechanical Licensing Collective(the MLC) released on Friday (Feb. 23). “We are extremely pleased that songwriters and music publishers finally will receive the over $400 million they are owed in mechanical and performance royalties from the 2021-2022 period,” said NMPA president/CEO David Israelite in a statement. The fact that the majority of this adjustment will be distributed by the MLC in a completely transparent and expedient way is another massive benefit of the Music Modernization Act (MMA) and while we would have preferred it be paid sooner, this is a welcome and critical lift now.”

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