This is a big deal tho!
Via Digital Journal:
U.S. President Donald Trump signed the Music Modernization Act, which offers better compensations for singers, songwriters, and musicians in the digital world. It is now the law of the land.
The Music Modernization Act is co-sponsored by Utah Senator Orrin Hatch and Representative Bob Goodlatte, and it is a response to the contemporary music world of streaming and satellite radio. These are platforms that did not exist when laws were made decades ago for royalty payments to music creators and license holders.
It received unanimous approval in both the House of Representatives and the U.S. Senate, and the bill was subsequently signed into law by President Trump in a White House ceremony that was attended by such diverse artists as Kanye West, Kid Rock, “Soul Man” Sam Moore, country singers John Rich and Craig Morgan, as well as Mike Love, the founding member of The Beach Boys.
Music publishers, musicians, and songwriters have regarded the Music Modernization Act as a historic achievement, especially in an industry that has shortchanged artists and songwriters.
Neil Portnow, the president of The Recording Academy, remarked in a statement that he applauds all those who rallied for music creators to be fairly compensated for their work when it is used by digital and satellite music services. Read on [HERE].
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