The Mechanical Licensing Collective (MLC), which is tasked with tracking, collecting, and distributing mechanical licenses from streaming services in the U.S., has just been granted a $62 million starting budget. Initially, the MLC — principally backed by major music publishers Universal Music Publishing Group, Sony/ATV Music Publishing, and Warner/Chappell Music — had requested $66.25 million … Continue reading Mechanical Licensing Collective (MLC) Officially Granted $62 Million in Startup Capital