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The Allocation for Music Producers (AMP) Act was introduced by Rep. Joseph Crowley on February 6, 2017 as H.R. 881.The bill designates that SoundExchange, the non-profit organization established by Congress to distribute royalties on sound recordings, will also distribute part of those royalties to "a producer, mixer, or sound engineer who was part of the creative process that created [the ...
Music licensing is the licensed use of copyrighted music. [1] Music licensing is intended to ensure that the owners of copyrights on musical works are compensated for certain uses of their work. A purchaser has limited rights to use the work without a separate agreement.
But this created new issues as older laws and institutions performed poorly in facilitating the kind of efficient and effective licensing that digital commerce requires that resulted in gaps in ...
The Music Modernization Act passed in 2018 implemented processes for digital streaming services to pay for the compulsory mechanical license through a new non-profit organization created by the law, known as the Mechanical Licensing Collective (MLC). [7]
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The US and EC announced a temporary settlement arrangement on June 23, 2003, though the Fairness in Music Licensing Act remains in effect. [8] Under the Temporary Settlement, effective June 23, 2003 through December 20, 2004, the US paid $3.3 million to a fund established in the EU for the benefit of rights-holders. [ 9 ]
"UMG was the first major music company to license Facebook back in 2017 and this new agreement will further expand the possibilities for music within the meta ecosystem," said the company that ...