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The ‘Music Modernization Act’ Prohibits Litigation Against Streaming Services

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Old 01-11-2018, 04:02 AM
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Default The ‘Music Modernization Act’ Prohibits Litigation Against Streaming Services

...(T)he ‘Music Modernization Act’ (H.R. 4706) designed to greatly modernize digital-era royalties and solve a gaggle of previous lawsuits...But here’s the catch...

Just ahead of the new year, Wixen Music Publishing filed a $1.6 billion lawsuit against Spotify alleging non-payment of mechanical publishing royalties...Randall Wixen, head of Wixen Music Publishing (says):
“It’s a really good act. But on page 82 of that act is a clause that says if you don’t file a lawsuit against a music streaming company by Jan. 1, 2018, you lose your rights to get compensated. If that act was passed, and we hadn’t filed a suit by Jan. 1, we would have forfeited that right. It would retroactively give a free pass for a streaming service that has infringed on music rights in the past to build a service worth maybe $20 billion once it goes public."
...(T)hat sneaky provision basically gives companies like Spotify a get-out-of-jail-free card. So instead of owing $1.6 billion (or whatever the damages are), Spotify owes $0 on pre-2018 royalties if the Music Modernization Act is passed.

The Act has been unilaterally supported by ASCAP, BMI, and NMPA, among others. Obviously, Wixen isn’t among the supporters — at least as it relates to royalty forgiveness...

Remember how we used to talk about busting out? We'd break their hearts together...forever...

You and me and our old friends hoping it would never end...holding on to never say goodbye...
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