This month’s Member newsletter offers updates on our most recent royalty distributions (both for blanket and matched historical royalties), details about our upcoming Annual Membership Meeting, and a new addition to our Member Benefits offerings.
It was great to see some of you at AmericanaFest last week! Fall is a busy season in our industry, and we hope to see more of you at upcoming events around the country.
This month’s Member newsletter offers updates on our most recent royalty distributions (both for blanket and matched historical royalties), details about our upcoming Annual Membership Meeting, and a new addition to our Member Benefits offerings. As always, thank you for taking the time to read our updates each month.
We completed our ninth monthly royalty distribution of the year on September 13, bringing us to 30 total royalty distributions since we began full operations — all of which have been on time or early. September’s distribution primarily covered newly reported usage that took place in June of 2023. The total of all royalty pools reported to The MLC for this cycle was approximately $90.9 million.
Every month our team attempts to match sound recording uses to the musical works data in our public database and then distributes the resulting matched royalties to our Members. This month, we were able to match nearly 85percent of the total royalty pools we administered to songs currently registered in our database.
After deducting royalties for usage covered by voluntary licenses maintained by DSPs with rightsholders, we collected approximately $86.9 million in royalties and distributed approximately $63.7 million to our Members. To learn more about our September distribution, click here:
On October 24, we will hold our virtual Annual Member Meeting. Join us to hear the key metrics from the last year, the result of our Board of Director election, and what’s ahead for next year. You can register to tune in here.
We are excited to announce a new addition to The MLC’s Member Benefits from Muso.AI!
Muso.AI offers an easy way for behind-the-scenes creatives to manage their catalog, fix missing or incorrect credits and finally get the recognition they deserve. MLC members get 50% off PRO monthly or annual subscription. Get started today! Have a question? Contact: support@muso.ai
