President Trump signs law that will change how musical artists are paid in the age of streaming
NASHVILLE, Tenn. - President Trump has signed the Music Modernization Act into law, a bill that will bring sweeping changes to the way music is licensed and songwriters are paid.
Supporters say the Music Modernization Act, championed by Sen. Lamar Alexander (R-Tennessee), will ensure that songwriters get paid fairly for their work in the streaming age.
A key aspect of the legislation is the creation of a new independent entity that will license songs to companies that play music online. The group will then pay songwriters, while digital streaming services, like Spotify or Pandora, can ask for a blanket license.
This is the first overhaul to music copyright law in decades. The law will also make sure artists who made music prior to 1972 are paid.
Recording artists didn't have any copyright rights in their works until 1972.
Kanye West, Kid Rock and John Rich are among artists expected to attend Thursday's ceremony at the White House.