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Consumers’ Research Applauds Signing of Music Modernization Act
On Oct. 11, 2018, President Donald Trump signed the Music Modernization Act into law. The newly-signed legislation updates copyright law to be compatible with modern technology and trends in music consumption.
Kyle Burgess, Consumers’ Research Executive Director, released the following statement on the new law:
“With the signing of the Music Modernization Act, Washington finally brings fair compensation to legacy musicians in the digital age. The internet has changed how society consumes TV, music, movies, and other multimedia content. Music streaming, in particular, makes it easy for consumers to discover and enjoy the artists and songs they love. However, delivering content over new mediums does not change the fundamental tenets of property rights. Without fair compensation for their work, beloved artists can’t afford to dedicate themselves to creating the tracks their fans adore.”
The law will modernize the music licensing process, making it easier for artists to obtain compensation from streaming while preserving the myriad of benefits streaming technology offers music-listeners. The Music Modernization Act is a positive step forward in protecting property rights for artists without hampering consumer access to streaming music.
Washington, D.C., May 22 – Consumers’ Research, founded in 1929, is the nation’s oldest consumer organization that seeks to increase the knowledge and understanding of issues, policies, products, and services of concern to consumers. For more information, visit: https://consumersresearch.org/ and follow Consumers’ Research on Twitter at @ConsumersFirst.