Modernizing Legacy Music Contracts
Modernizing legacy music contracts in the music industry primarily refers to efforts to update outdated agreements, particularly concerning copyright and royalty distribution in the digital age. A significant development in this area is the Music Modernization Act (MMA) in the United States, signed into law in 2018¹. This legislation aimed to address issues such as royalty payments for pre-1972 sound recordings and the licensing of musical works for digital streaming services². The goal is to ensure fair compensation for creators in the evolving music landscape.
Sources
Modernizing Legacy Music Contracts
Modernizing legacy music contracts in the music industry primarily refers to efforts to update outdated agreements, particularly concerning copyright and royalty distribution in the digital age. A significant development in this area is the Music Modernization Act (MMA) in the United States, signed into law in 2018¹. This legislation aimed to address issues such as royalty payments for pre-1972 sound recordings and the licensing of musical works for digital streaming services². The goal is to ensure fair compensation for creators in the evolving music landscape.
Sources
Modernizing Legacy Music Contracts
Modernizing legacy music contracts in the music industry primarily refers to efforts to update outdated agreements, particularly concerning copyright and royalty distribution in the digital age. A significant development in this area is the Music Modernization Act (MMA) in the United States, signed into law in 2018¹. This legislation aimed to address issues such as royalty payments for pre-1972 sound recordings and the licensing of musical works for digital streaming services². The goal is to ensure fair compensation for creators in the evolving music landscape.
Sources
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