The Mechanical Licensing Collective expects another $10 to $15 million to be added to the total once additional reports come in from DSPs.
This is the first time the mechanical licensing organization has filed a lawsuit against a streaming service.
Bridgeport, which has sued over 800 artists and labels for copyright infringement, is the first music company to exercise audit rights for the collection society.
The organization has formed a supplemental matching network with Blokur, Jaxsta, Pex, Salt and SX Works Global Publisher Services.
In its third annual membership meeting, The Mechanical Licensing Collective reveals key metrics about its progress since launching in 2021.
The complicated process of readjusting royalties owed for the 2018-2022 will include settling over- and under-payments.
A House judiciary committee hearing with industry leaders rehashed the MMA's successes and criticism of the Mechanical Licensing Collective it created.
The CEO also talks about the Copyright Royalty Board and what happens once a Phonorecords III ruling is finalized.
Regulators want to clear up uncertainty about who gets paid streaming royalties when songwriters take back their music rights – a trickier question than it sounds.
Tim Cohan and Scott Culture were also reelected to the Board of Directors, as announced at the organization's second annual membership meeting, Kara DioGuardi.