Fairness Rocks News Mechanical Licensing Collective (MLC) Officially Granted $62 Million in Startup Capital


Fairness Rocks News Mechanical Licensing Collective (MLC) Officially Granted $62 Million in Startup Capital

Home Industry News Mechanical Licensing Collective (MLC) Officially Granted $62 Million in Startup Capital

Author: Paul Resnikoff

Date: November 14, 2019

Original Source: Digital Music News

Industry News

Mechanical Licensing Collective (MLC) Officially Granted $62 Million in Startup Capital

The Mechanical Licensing Collective (MLC), which is tasked with tracking, collecting, and distributing mechanical licenses from streaming services in the U.S., has just been granted a $62 million starting budget.

Initially, the MLC — principally backed by major music publishers Universal Music Publishing Group, Sony/ATV Music Publishing, and Warner/Chappell Music — had requested $66.25 million in startup capital from major streaming services like Spotify, Apple Music, Pandora, and Amazon Music.

Read more: https://www.digitalmusicnews.com/2019/11/14/mechanical-licensing-collective-mlc-62-million/