From The Verge:
President Trump has signed the Music Modernization Act (MMA) into law, officially passing the most sweeping reform to copyright law in decades. The bill, heralded by labels, musicians, and politicians, unanimously passed through both the House and Senate before going to the president.
The bill revamps Section 115 of the U.S. Copyright Act and aims to bring copyright law up to speed for the streaming era. These are the act’s three main pieces of legislation:
The Music Modernization Act, which streamlines the music-licensing process to make it easier for rights holders to get paid when their music is streamed online
The Compensating Legacy Artists for their Songs, Service, & Important Contributions to Society (CLASSICS) Act for pre-1972 recordings
The Allocation for Music Producers (AMP) Act, which improves royalty payouts for producers and engineers from SoundExchange when their recordings are used on satellite and online radio (Notably, this is the first time producers have ever been mentioned in copyright law.)
What does all this mean?
Read the entire article here.