Fairness Rocks News Streaming Giant Balks at Mechanical Licensing Collective’s $66.25 Million Startup Budget


Fairness Rocks News Streaming Giant Balks at Mechanical Licensing Collective’s $66.25 Million Startup Budget

Home Industry News Streaming Giant Balks at Mechanical Licensing Collective’s $66.25 Million Startup Budget

Author: Paul Resnikoff

Date: October 30, 2019

Original Source: Digital Music News

Industry News

Streaming Giant Balks at Mechanical Licensing Collective’s $66.25 Million Startup Budget

The Mechanical Licensing Collective’s healthy startup budget is meeting resistance from at least one major streaming platform.

Just how much does it cost to start a US-based licensing agency for streaming mechanicals? The newly-minted Mechanical Licensing Collective, backed by major publishers like Warner/Chappell Music, Sony/ATV Music Publishing, Downtown Music Publishing, and others, recently submitted a $66.25 million budget to get the operation started. The amount would cover everything leading up to the MLC’s opening (a ‘startup assessment of $37.25 million), as well as costs for first-year operations ($29 million for 2021).

Read more: https://www.digitalmusicnews.com/2019/10/30/mlc-streaming-million-budget/