Even though the Mechanical Licensing Collective has proposed a $29 million annual budget, the digital services which must fund it are dragging their feet on approving that budget.
Even though the Mechanical Licensing Collective has proposed a $29 million annual budget, which is in line with the $30 million that the U.S. Congressional Budget Office projected as part of the process to get the Music Modernization Act passed, the digital services which must fund it are dragging their feet on approving that budget, according to sources familiar with the negotiating process.
At $29 million each year, however, the digital services aren’t sure they’ll save any money after all. In fact, one executive familiar with the cost structure involved in handling publishing, reporting and royalty payments to music publishers estimates that that responsibility currently costs a collective $13 million across all the U.S. services— less than half the proposed cost put forth by the MLC.
In addition, some wonder why it’s any of the publishers’ business how the digital services pay for the MLC, with industry sources suggesting the digital services work that out among themselves. While the likes of Apple and YouTube are well aware of this component of the MMA, some wonder if smaller niche/genre on-demand services and download stores are aware of the costs they will soon be saddled with -- which brings up the minimum-fee assessment required by the law. In its proposal, the MLC suggests that each service pay a minimum of $5,000 a month, or $60,000 a year.
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