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from the British-Invasion's-royalties dept.
From Billboard:
The Music Modernization Act is not the law of the land yet, but it's pretty damn close, as the House of Representatives today (Sept. 25) unanimously approved passage of the U.S. Senate's version of the bill, which had itself been approved by that chamber last week. Now, the MMA is off to the White House where it will await the signature of President Donald Trump before becoming the law of the land.
The legislation forged by compromises throughout the music industry creates a blanket mechanical license and a collective to administer it, while changing some of the considerations used in setting music publishing rates. It also compels digital and satellite radio to pay a royalty on pre-1972 master recordings to labels and artists and it codifies the procedure by which SoundExchange can pay producers and engineers royalties for the records it works on.
From Engadget:
MMA will update rules regarding royalties and licensing when it comes to streaming in an effort to make sure creators are properly compensated. It will lead to the creation of a publicly-accessible database that makes it easier to see which publishers and artists need to be compensated for particular songs. Further, it will update the royalty rates for artists behind pre-1972 songs and will update royalty rates to reflect market changes all around.
[...] The president is now expected to sign it into law over the next ten days.
The bill: S.2823 - Music Modernization Act
Previously: Senate Passes Copyright Bill to End 140-Year Protection for Old Songs
(Score: 2) by Pino P on Thursday September 27 2018, @02:55PM (5 children)
How are royalties paid for use of a work of authorship ultimately any different from rent paid for use of land that someone discovered and developed?
(Score: 1, Touché) by Anonymous Coward on Thursday September 27 2018, @03:01PM (3 children)
Land is a scarce resource.
(Score: 2) by EvilSS on Thursday September 27 2018, @04:29PM (1 child)
(Score: 2) by maxwell demon on Thursday September 27 2018, @05:27PM
Creativity and talent is needed tocreate new works. It is not needed to create copies of decade-old works. And in particular when the creator already died decades ago, that creativity and talent is already gone anyway.
The Tao of math: The numbers you can count are not the real numbers.
(Score: 0) by Anonymous Coward on Thursday September 27 2018, @04:33PM
Looking around, I would argue original ideas are too.
(Score: 2) by dry on Saturday September 29 2018, @06:33AM
Unless you're talking about Iceland or the Falkland islands, that land was stolen and developed. It's much the same with IP, most all creative works are built on someone's creative work, going back before Homo sapiens.