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In copyright law, a mechanical license is a license from the holder of a copyright of a composition or musical work, to another party to create a "cover song", reproduce, or sample a portion of the original composition.
In 2021, MCPS delivered its highest distribution of royalties to publisher, song writer and composer members since 2012. Statutory accounts, published in 2021 show distributions for the year ended 31 December 2020 were £157.8m; a 10% increase of £14.4m from 2019. These strong returns reflect the growing demand for mechanical licensing globally.
Recording artist royalties are a vital part of an artist's income and are gained through the digital and retail sale of their music along with the use of their music in streaming services, broadcasting, and in other forms of media such as TV shows and films.
Société des auteurs et compositeurs dramatiques (SACD); Société des auteurs, compositeurs et éditeurs de musique (SACEM) English: Society of Authors, Composers, and Music Editors
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Under previous law, songwriters and composers would receive mechanical license royalties for radio play, but the performing artists would not be paid as the use of songs on the radio was considered "promotional". The Fair Play Fair Pay Act had included language that would allow recording artists to receive performance royalties.
Hundreds of famous names from across musical genres — including Mariah Carey, Jelly Roll, Barbra Streisand, Celine Dion, Lil Jon, Reba McEntire, Ozzy Osbourne and Stevie Nicks — are calling on ...
Analysts predict that, as a result, the value of royalties, licenses and other related assets will rise with increased competition, presenting opportunities for artists, labels and investors alike.