A historical unmatched royalties’ that 20 DSPs have transferred to the MLC, as part of an agreement that will see them protected from liability for past infringements of copyright on this front.
This creates more questions than answers.
If this is what they admit to, now much is really there?
Is this money only being paid due to the lawsuit brought against Spotify and the Harry Fox Agency by Eminem publishers Eight Mile Style and Martin Affiliated?
The table below is in the USA only (approx 35% of global), which means that by simple calculation, we should see another $787 million coming forth?
This table provides information on transfers of accrued unmatched royalties (“Transfers”) by DSPs to the MLC pursuant to the Music Modernization Act (“MMA”), 17 U.S.C. 115(d)(10)(B)(iv)(III)(aa). This provision of the MMA requires DSPs to transfer to the MLC by February 15, 2021 all accrued royalties for unmatched uses of musical works that occurred prior to January 1, 2021 as one of the conditions of eligibility for a specified limitation on liability for prior infringements. The MLC is required under the MMA to engage in diligent efforts to publicize any Transfers made by a DSP throughout the music industry.