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$424 Million Up for Grabs as Music Streaming Services Fill MLC's Black Box With Unmatched Royalty Payments
Jem Aswad, provided by
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The Mechanical Licensing Collectiveannounced Tuesday that it has received a total of $424,384,787 in accrued historical unmatched royalties from Spotify, Apple Music and other digital service providers, along with corresponding data reports that identify the usage related to these royalties. In other words, some songwriters and publishers will be receiving a windfall once the MLC reviews and analyzes the data to pay the copyright holders — the MLC anticipates sending out its first royalty payments and statements in April of 2021