Mechanical Licensing Collective hits milestone. Distributing $1 Billion in royalties.
In this article from Billboard we learn that Nashville-based non-profit Mechanical Licensing Collective has distributed $1 billion in royalties to music rights holders.
Royalty data, and matching streams to the proper songwriters and works, is one of the biggest issues in the world of music data. The MLC has handled it impressively with a current match rate of over 89% for streaming data.
The tools and initiatives they have in place to improve unmatched royalties and handle the influx we’re about to face surrounding AI generated music are impressive. Check out the interview with MLC CEO Kris Ahrend here.