Hitting Payola

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President Donald Trump has signed the Music Modernization Act into law. Flanked by musicians and lawmakers, including rock & roll artist Kid Rock, Trump signed the rare bill to draw bi-partisan support from both parties. The Music Modernization Act most notably guarantees that songwriters and artists receive royalties for songs recorded prior to 1972. It also creates a new organization — run by publishers and songwriters – that’s tasked with identifying copyright owners and paying them their royalties if songs are played on streaming platforms like Spotify and Apple Music. Overall, it establishes a new standard for setting digital royalty rates for songwriters and publishers.

No more separate but equal in the digital music realm. The days of Napster style payouts are over. All artists will now be paid equally across the board.

We’ll see how fast Taylor Swift pulls her songs from Spotify under the new arrangement…

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