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The Mechanical Licensing Collective has partnered with the Recording Academy to host a dozen webinars across the country to educate chapter members of the MLCs mandate to match and distribute unpaid royalties to rights holders.
Each webinar will be tailored to a specific market, including Nashville, New York City and Los Angeles, and will be hosted by MLC representatives who will give a full rundown on the importance of the new agency, which recently made its first distribution of mechanical royalties to rights holders. We are thrilled to work with the Academy on this webinar series, which builds on our ongoing efforts to reach as many potential MLC Members as possible, provide them with the information they need to join our organization and help position themselves to receive the digital audio mechanical royalties they have earned and deserve, said
About 30% of the $53 million revenue pool remains unclaimed.
On Friday, the Mechanical Licensing Collective (MLC), which officially launched Jan. 1, made its first distribution of mechanical royalties to rights holders for the month of January, paying out $24 million out of about $40 million collected from digital services.
“The completion of The MLC’s first monthly processing of royalties and the payment of more than $24 million in royalties directly to rightsholders represents another step toward realizing the promise of the Music Modernization Act,”
Alisa Coleman, chair of the MLC board of directors, said in a statement.
What’s more, the MLC is also holding another $4.9 million in royalties where songs have been matched to royalties, but where publishing ownership stakes are as of yet unclaimed. It is holding onto another $11 million in royalties that is neither matched to songs nor to publishers, for a total of $15.9 million awaiting identification so the funds can
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