The U.S. Department of Justice recently convened a series of workshops to review "competition in licensing in public performance rights."
"The decrees are not broken," writes Garrett Levin, president and CEO of digital services trade group DiMA.
But let's be very clear that the PRO consent decrees are not hindering the music industry or in need of modernization because they happen to have originated in the 1940s. The decrees aren't unnecessary and outdated because they have been in place for decades. They have existed for decades precisely because of their ongoing value in ensuring fair and competitive access to music works.
In the United States alone, there are nearly 100 million paid subscriptions to streaming services. Those music fans have access -- in their pockets, in their cars, through their smart speakers and other connected devices -- to a catalog of music unlike anytime in recorded music history. In turn, creators, copyright owners, and other participants in the ecosystem like the PROs have a robust source of revenue from fans willing to pay for that access.of streaming.
Given that streaming is essential to a successful music industry, it is puzzling that the rhetoric of many workshop participants seemed to suggest a fatally broken marketplace that fails to recognize their contributions.
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