The MLC Notches $1.5 Billion In Total Royalties Distributed To Members
The Mechanical Licensing Collective (The MLC) held its third annual Membership Meeting last week.
Of the key metrics highlighted during the meeting, the organization shared that, in the last two and half years since inception, The MLC has distributed over $1.5 billion in royalties. As intended by Congress in the Music Modernization Act, The MLC has effectively illuminated the “black box” for digital audio mechanicals by giving members the ability to search all the unmatched data and propose matches for their works using The MLC’s Matching Tool. To date, The MLC has received and approved more than one million proposed matches submitted by members through the Matching Tool.
The organization also highlighted that The MLC now has more than 32,000 members, having added more than 9,000 to date in 2023. It has over 33 million works in its public database, with data for more than three million new works added in 2023 alone.
“We are proud of these accomplishments, particularly in reaching the milestone of distributing over $1.5 billion in royalties,” says The MLC’s CEO, Kris Ahrend. “We have effectively illuminated the black box by empowering our members with several tools that enable them to take actions intended to eliminate the black box. We look forward to continuing our work to fulfill our mission of ensuring songwriters, composers, lyricists and music publishers receive their mechanical royalties from streaming & download services in the United States accurately and on time.”
During the meeting, the result of The MLC’s recent Class B Board Seat election was also announced. Alisa Coleman was re-elected by The MLC’s Class B Members to serve on The MLC’s Board of Directors for a second three-year term. The MLC’s Class A Members selected Troy Verges to fill the open seat as a Songwriter Director of the Board, which was previously held by Craig Wiseman, whose initial term expired this year. Additionally, the Class A Members selected Kevin Kadish to serve a second three-year term as a Songwriter Director of the Board.
Finally, The MLC announced that the make-up of the Class C Members will not change in 2024. More information on The MLC’s Board of Directors and Advisory Committees can be found here.
