"The Music Modernization Act (MMA) is
headed to the President's desk for signature following unanimous
approval from the House of Representatives and the Senate. The bill, now
called the "Orrin G. Hatch Music Modernization Act" (H.R. 1551), provides a significant update to how artists are paid for their music. The Copyright Alliance plugged the bill as "the most significant improvement of music copyright law in
more than a generation, making it easier for creators across the music
industry to earn a fair living through their creativity."
The MMA combines the following three separate pieces of legislation to bring music royalties into the modern era:
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The Music Modernization Act of 2018, S. 2334, which updates licensing and royalties for music streaming services;
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The CLASSICS Act (Compensating Legacy Artists for their Songs,
Service, & Important Contributions to Society Act) which opens up
music royalties for pre-1972 songs; and
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The AMP Act (Allocation for Music Producers Act) which provides for royalties for music producers and engineers."