Music Modernization act: What does it literally mean for us?

[Music1234Participant]

Everyone is celebrating this:
https://www.billboard.com/articles/news/8475895/music-modernization-act-industry-politicians-react

If anyone can explain in simple terms how we all are going to earn more money? I’d love to hear your opinion! Does this mean more back end from the PROs? Higher rates for streaming services like Spotify and Apple Music?

For the record, just analyzing 1 new album release on streaming playforms for consumer “personal listening” I just earned .0022 cents a stream,
1270 streams paid $2.80 for a 13 track album – Data is for one month.

[GlennParticipant]

I am interested as wel!

[Music1234Participant]

Some articles offer some insight:

https://www.forbes.com/sites/dannyross1/2018/08/02/a-hit-songwriter-explains-urgency-for-music-industry-overhaul-in-washington/
Wow. Blackstone Group is the “Parent” of SESAC and HFA – all the gangsters are in on this!
http://tasteofcountry.com/what-is-the-music-modernization-act/

This Bill is only the size of a 155 page novel!

https://www.congress.gov/115/bills/hr5447/BILLS-115hr5447rds.xml

This offers a nice summary chart.

https://www.digitalmusicnews.com/2018/08/01/music-modernization-act/

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