The music industry applauded the signing, on Thursday, Oct. 11, 2018, of the Music Modernization Act into law. This legislation underscores one of the main tenets of the 2018 By Artists, For Artists report which stresses that artists of all disciplines should be adequately compensated for their creative work.

According to Rolling Stone Magazine the law accomplishes the following:  “1) makes sure songwriters and artists receive royalties on songs recorded before 1972; 2) allocates royalties for music producers; 3) it updates licensing and royalty rules for streaming services to pay rights-holders in a more streamlined fashion, via a new, independent entity. Under the act, many music creators will have a more reliable way of collecting the money that they’re due.”   (more…)