Fairness Rocks News Mechanical Licensing Collective Hands a Juicy Contract to HFA — Critics Call the Deal Crooked


Fairness Rocks News Mechanical Licensing Collective Hands a Juicy Contract to HFA — Critics Call the Deal Crooked

Home Industry News Mechanical Licensing Collective Hands a Juicy Contract to HFA — Critics Call the Deal Crooked

Author: Paul Resnikoff

Date: November 27, 2019

Original Source: Digital Music News

Industry News

Mechanical Licensing Collective Hands a Juicy Contract to HFA — Critics Call the Deal Crooked

The newly-minted — and funded — Mechanical Licensing Collective has just awarded a plum contract to the Harry Fox Agency, owned by private equity firm the Blackstone Group. Critics are quickly pointing to a ‘no-bid contract’ based on political horse-trading, with HFA assailed for serious licensing problems in the past.

The HFA award was formally announced this week, with the Mechanical Licensing Collective (MLC) now granting lucrative contracts and coveted positions following its monstrous initial budget grant. Also receiving a choice bid was ConsenSys, an Ethereum blockchain-focused tech play.

Read more: https://www.digitalmusicnews.com/2019/11/27/hfa-mechanical-licensing-collective-contract/