(1888PressRelease)
September 19, 2009 - WOODLAND HILLS, CA. Music Reports Inc. ("MRI"), the leading provider of music rights administration services in the United States, today announced that it has distributed more than $5,000,000 in statutory mechanical royalties on behalf of its digital music service clients. These royalties have been calculated at the rates applicable to on-demand streams and limited downloads, as determined by the U.S. Copyright Royalty Board in 2008. Statutory mechanical licenses from MRI now cover more than 1 billion plays of digital music per month.
"Publishers are reaping great financial benefits from our statutory mechanical licensing program for digital music services," said Douglas J. Brainin, President and CEO of Music Reports. "This program continues to be a critical component of any licensing strategy for digital music services."
MRI now pays statutory mechanical royalties to more than 12,000 music publishing administrators, representing over 50,000 individual music publishers. MRI clients use the statutory mechanical license to obtain rights from the tens of thousands of independent music publishers who do not license through the Harry Fox Agency.
About Music Reports
Music Reports, Inc. (www.musicreports.com) is the leading provider of music rights administration services in the United States. The company's proprietary systems and applications set the standard for technology in the music industry. MRI also maintains the largest database of music copyright information in the world, the Songdex database. The company offers a full spectrum of music rights administration services, including: copyright research; music clearance; sales data consolidation; music usage reporting; royalty accounting; and royalty payment. MRI clients include the world's largest television and radio broadcasters, digital music services, background music services, record labels, mobile carriers, and consumer products companies. MRI is a portfolio company of ABRY Partners, one of North America's leading private equity investment firms, which is focused on media and information services. http://www.musicreports.com
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