Statement from SXWorks, a SoundExchange Company: Bipartisan Group of Legislators Introduces Music Modernization Act (H.R. 4706)

Statement from SXWorks, a SoundExchange Company: Bipartisan Group of Legislators Introduces Music Modernization Act (H.R. 4706)

We applaud Rep. Doug Collins (R-GA), lead co-sponsor Hakeem Jeffries (D-NY) and co-sponsors Marsha Blackburn (R-TN), Diane Black (R-TN), Joe Crowley (D-NY), Steve Cohen (D-TN), Pete Sessions (R-TX) and Ted Lieu (D-CA) for bringing so many diverse interests together on a compromise solution to fix critical aspects of the current music licensing system. This cooperative effort, fueled by the National Music Publishers Association (NMPA) and the Digital Media Association (DiMA), demonstrates how industry groups can work together with government to craft practical solutions to challenges faced by American business.

As the experience at SoundExchange has shown, a statutory license works best when it is administered by a single collective run by the very people that it pays. Centralized administration increases data quality, efficiency, transparency and speed of payment for creators, rights owners and digital service providers. This bill reflects a forward-looking, practical and thoughtful solution for music publishers and songwriters alike.