Spotify, Apple and others pay $424.38m in historical Unmatched Royalties to Mechanical Licensing Collective

‘This is a massive win for music creators and the streaming services themselves,’ says NMPA President & CEO David Israelite
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Mechanical Licensing Collective makes five new leadership appointments

New hires will lead key posts including education and outreach, marketing, and customer experience
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MLC hires Richard Thompson as Chief Information Officer and selects partners to develop data portal

Exec to oversee development and launch of organization’s data platform
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Mechanical Licensing Collective reaches funding deal; will receive $33.5m for start-up costs

Costs will be divided up among licensees, with the largest services paying a greater share
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MLC Submits $37.25M Bill To Administer Music Modernization Act To Be Paid By Spotify, Apple

The newly appointed Mechanical Licensing Collective (MLC) has submitted its proposal to the Copyright Royalty Board (CRB) outlining the structure of the collective and the funding required to carry out the statutory demands of the Music Modernization Act. The proposed start-up assessment is $37.25 million, with an annual assessment starting…