2019🤩Let me get yall asses DANCING AGAIN🙌🏾🔥🔥🔥”Cool Off” pic.twitter.com/fDg8I38PI1

— Missy Elliott (@MissyElliott) October 7, 2018

When will Missy’s new music for 2019 be released? 

Why did President Trump disinvite some of the key music industry people behind the Music Modernization Act to the signing ceremony at the White House? 

West Palm Beach, FL – DATE – Sound Royalties, an industry-leading finance firm for music creatives, is commending the official passage of the transformative and much-needed Music Modernization Act. The bill, which contains sweeping changes to long-outdated copyright laws, was signed into law by President Trump earlier today, after unanimously passing the House of Representatives last month and receiving previous approval from the Senate.

In response to the news, Sound Royalties issued the following statement from its Founder and CEO Alex Heiche:

“For years, music professionals have been stuck in an archaic, broken system that made it extremely difficult for music services to locate and pay creatives. This should never happen in any industry, especially not one as centric to our lives as music.

“But today’s landmark passage of the Music Modernization Act is an enormous step in the right direction to correct this wrong and ensure that creatives are fairly compensated for their work. This was a long-awaited and hard-fought victory, and Sound Royalties salutes all those who battled tirelessly to make this dream a reality.

“The passage of the Music Modernization Act today marks a historic win for songwriters, music publishers, artists, record labels, producers, streaming services and the entire industry that services them.

“Music is intrinsic to every part of our lives, and this law will help ensure that the music can play on by creating a path to fair compensation for the creatives behind the songs we all know and love, both the classics recorded before 1972 and the new.”

Renamed the “Orrin G. Hatch-Bob Goodlatte Music Modernization Act” in honor of Senator Orrin G. Hatch and House Judiciary Chairman Bob Goodlatte, who were both instrumental in its passage, the final bill combined three pieces of legislation:

• The original MMA of 2018, which will update royalties and licensing for the current age of streaming by creating a blanket mechanical license and a collective entity to administer it. 
• The CLASSICS Act (Compensating Legacy Artists for their Songs, Service, & Important Contributions to Society Act), which will ensure that creatives receive royalties from digital and satellite radio for songs recorded before 1972. 
• The AMP Act (Allocation for Music Producers Act), which creates a way for producers and engineers to collect royalties from SoundExchange for works used on satellite and online radio services.

 As an outspoken advocate for musicians’ rights, Sound Royalties has been a strong supporter of the Music Modernization Act since its inception, and would like to thank everyone who played an instrumental role in bringing this legislation into law: David Israelite and Bart Herbison of the NMPA, Steve Bogard of the NSAI, Mitch Glazier and Cary Sherman of the RIAA, ASCAP, BMI, SESAC, NAB, SONA, DiMA, the Internet Association, and all members of the creative community.

The U.S. Senate unanimously passed the Music Modernization Act of 2018 Tuesday night despite recent conflicts about it within the music industry. The legislation will not be complete until the House Of Representatives approves it and President Trump signs it. The act is designed to make it easier for copyright holders, producers and engineers to be compensated. Sirius XM and Music Choice opposed the bill with the former taking issue with recordings made before 1972 being recognized. Sirius XM also had a problem with terrestrial radio being exempt from paying royalties for master recordings and was lobbying against the act. 

Two-hundred artists including Paul McCartney and John Legend signed a letter threatening to boycott Sirius XM if they did support the bill. The company ultimately supported the bill after some last-minute compromises were made that included the promise from the RIAA and record companies to give them a fixed rate through 2027. 

The legislation is now called the Orrin G. Hatch Music Modernization Act because of Senator Orrin Hatch’s (R-UT) vehement support of the bill. Hatch is also a songwriter and him along with Senator Lamar Alexander (R-TN) called the act “the most important legislation in a generation.” The changes will streamline and ensure that artists, songwriters, producers, engineers and other music contributors receive royalty payments.