🎵February Updates from The MLC🎵

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An Update from CEO, Kris Ahrend

February has been a very busy month for The MLC team! I’m sure many have you have already heard the big news – The MLC received more than $424 million in accrued historical unmatched royalties from 20 digital service providers (DSPs). The transfer of these monies - the first

set of payments The MLC has received on behalf of rightsholders – represents an important milestone envisioned in the landmark Music Modernization Act.

The MLC also received a staggering amount of data related to the unmatched royalties these DSPs transferred – more than 1,800 files containing in excess of 1.3 terabytes of data and nine billion lines of data. The delivery of this data was the culmination of a months-long effort on the part of The MLC to develop and communicate the technical specifications DSPs needed to use when delivering it. DSPs now have until June of this year to deliver to The MLC the rest of the data they are required to deliver under the regulations issued by The U.S. Copyright Offices in connection with their transfers of unmatched royalties.

Read the Full Letter Here

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