Why Success of the Music Modernization Act Depends on Open Standards
White paper by Panos A. Panay, VP Innovation & Strategy, Berklee College of Music; Alex Pentland, Professor, Massachusetts Institute of Technology; Thomas Hardjono, Research Scientist, Massachusetts Institute of Technology.
The passage of the Music Modernization Act into law is a major milestone and opportunity for the music industry to usher in a new era of growth and innovation. Major credit goes to the individuals and organizations who worked tirelessly to pass this legislation including the National Association of Music Publishers, the Digital Media Association, the Recording Industry Association of America, and the many independent publishers, songwriting groups, and other creative industry advocates. With the establishment for the first time of a legal framework authorizing a single comprehensive, accessible database that connects copyright owners of both sound recordings and compositions, the industry can move to a new phase: one in which rights holders’ data can be secure yet interoperable across databases, systems, and applications through shared, open standards.
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