The music industry has been in a state of confusion for years and years. Napster came on the scene (and was killed) almost 20 years ago now, and since then the music biz has been trying to find its footing.
In recent years things have gotten better in some respects for people in the business, but things as we understand it are still a mess. Some in Washington are trying to reform the laws around copyright in an effort to clean up some of this mess. Good luck. The Music Modernization Act (MMA) just sounds like it won’t end up being a good thing. It has that heavy handed Washington DC baloney vibe. As a general rule someone once said that the best way to find out what a bill will ACTUALLY do is to assume that it will do exactly the opposite of what it sounds like it will do. Jobs acts often kill jobs for instance. The Affordable Care Act didn’t end up being affordable.
But there is always hope. We suppose. But creating a government protected copyright monopoly dominated by only the big music players is not a good idea and that is what Ted Cruz is trying to avoid.
(From Town Hall)
Through creation of a comprehensive database of copyright holders and other reforms, the MMA will simplify current law while eliminating loopholes, protecting intellectual property and creating a more level playing field for the music industry at large.
While the concept and direction of the legislation are laudable, Texas Senator Ted Cruz has pointed out one pressing concern: why should a government-created monopoly be born out of this?