Record companies are broadcasting their concerns about the current system for licensing music, telling the U.S. Copyright Office that simplifying it would increase revenue for the music industry and help songwriters, composers and publishers receive fair market value for their tunes.
In a 52-page filing with the Copyright Office on May 23, the Recording Industry Association of America wrote that the licensing system isn’t working for the music industry. The group, which counts Universal Music Group Inc., Sony Music Entertainment Inc. and Warner Music Group Corp. among its members, announced May 27 it made the submission as part of the Copyright Office’s study on the effectiveness of the music-licensing system in the digital age.
