Sunday, November 17, 2024
MusicNews

Apple Music accounts for $164 million of $424 million in music roaylites

The Mechanical Licensing Collective (The MLC) says it’s received a total of US$424,384,787 in accrued “historical unmatched royalties from digital service providers (DSPs)” such as Apple Music.

In fact, Apple’s streaming service accounted for $163,338,890 of that figure as of February 11, 2021. It provided the most royalties of any streaming service with Spotify coming in second with $152,226,039.

The MLC is responsible for administering the new blanket compulsory license for the use of musical works by digital music services. As of January 2021, mechanical royalties from streaming in the U.S. will be processed and paid out by The MLC at no cost to songwriters or music publishers.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.