The US Mechanical Licensing Collective (MLC) is up and running, collecting and matching publishing royalties from streaming services.
The organisation has revealed details of its January collections and distributions, with a royalty pool that month of more than $53m. 80% of that pool was matched to musical works registered in the MLC’s database – “a figure that is in line with industry benchmarks for initial matching results” it says – before carving out royalties already covered by voluntary licences between DSPs and rightsholders.
The net result: more than $40m of royalties, $24m of which have been paid out, with $16.4m “pending distribution” – including $11m that cannot yet be matched to musical works. The transparency is welcome: publishers and songwriters alike will be tracking the MLC’s collections and payouts with keen interest.
Image by Bricolage / Shutterstock.com
Music Ally’s next Learn Live webinar will help you understand what’s required for artists to thrive in new international markets!