Today is a historic day for ASCAP and the entire music industry. At last, our blood, sweat and tears have paid off, and with the president's signature, the Music Modernization Act is officially the law of the land!
Thank you all for everything you have done to make this dream a reality — your calls, your social media posts, your letters, your visits to Washington made all the difference and we would not be here today without your efforts.
While there is still more progress to be made to ensure songwriters are paid what they deserve, today is a huge milestone, so let me be the first to offer my congratulations and sincerest thanks to all of you. For ASCAP and our members, the Music Modernization Act reforms the rate court process by ensuring that each new rate-setting will be before a randomly assigned judge, as is the case with most federal litigation, and by allowing the rate court judges to consider royalties paid to recording artists when determining what streaming services will pay songwriters for the exact same performance.
In addition to these reforms, the bill replaces the bulk "NOI" process with a "Mechanical Licensing Collective" to collect and distribute mechanical royalties for digital downloads and interactive streams, adopts a "willing buyer, willing seller" standard for mechanical royalties, creates a federal public performance rights for pre-1972 recordings (CLASSICS Act) and allows SoundExchange to pay record producers directly (AMP Act).
As one last MMA request, please join us in thanking our champions in Congress who were instrumental in delivering this bill to the White House and helping this bill become law. You can find your representative and contact them here.
ASCAP President and Chairman of the Board