With the completion of our July monthly royalty distribution — The MLC’s 16th overall — we have now distributed more than $580 million in blanket royalties to our Members, and each of those 16 distributions has been completed on time or ahead of schedule.
Additionally, our initial match rates — the percentage of royalties sent to us by DSPs that we have matched to musical works in our database — have continued to improve. Our initial match rate exceeded 85 percent for the first time in our May distribution, and our initial match rates for the June and July distributions were also above 85 percent.