Fairness Rocks News Two Members Abruptly Depart the Mechanical Licensing Collective (MLC)


Fairness Rocks News Two Members Abruptly Depart the Mechanical Licensing Collective (MLC)

Home Industry News Two Members Abruptly Depart the Mechanical Licensing Collective (MLC)

Author: Paul Resnikoff

Date: September 20, 2019

Original Source: Digital Music News

Industry News

Two Members Abruptly Depart the Mechanical Licensing Collective (MLC)

Earlier this week, the recently-named Mechanical Licensing Collective requested $66.25 million — just to get off the ground.

That included a $37.25 million tranche of cash before the MLC’s opening day. Another $29 million was requested for the first year of operations, leading to a hefty $66.25 million startup ask.

Read more: https://www.digitalmusicnews.com/2019/09/20/mechanical-licensing-collective-mlc-departures/