The long due Music Modernization Act has been signed by President Trump. With aims to fix the issues in copyright law in the US, especially for music artists, the Act brings relief and the essential royalties to the artists’ plate.
On Thursday, October 11, 2018, US President Donald Trump signed the Music Modernization Act (MMA) in a grand ceremony, making it a law. The Act which is officially titled ‘Orrin G. Hatch-Bob Goodlatte Music Modernization Act’ was in the pipeline for years. Its main aim is to reform the copyright law in the US to make it more artist-friendly, more so in the digital streaming aspect. The Act has three-fold objectives: establishing an organisation of artists, setting up a uniform payment process and abolishing the post-1972 cap to be eligible for royalties.
While calling the music industry “a dirty business” President Trump stated that the MMA is a milestone that would “close loopholes” in copyright law and help music creators get paid.
Takeaways
All in all, Music Modernization Act is a great step towards modernisation of copyright law in general and musical work in particular which will hopefully be adopted in India as well.