MLC Partners with Jaxsta, Salt, Pex, and Others to Boost Royalty Matching

The Mechanical Licensing Collective (MLC) is making big waves in the music industry with their latest announcement of the “Supplemental Matching Network.” This initiative is set to enhance the MLC’s royalty-matching capabilities and is a game-changer for the organization.

The new Supplemental Matching Network, based in Nashville, is forging partnerships with five cutting-edge companies to bolster their royalty-matching efforts. This comes at a critical time for the MLC, which has faced significant scrutiny and questions about their handling of royalties.

One of the biggest revelations was the accumulation of a substantial amount of unmatched royalties by the MLC, raising concerns about how these funds would be distributed. Despite total distributions exceeding $1.5 billion, the “Black Box” royalties have been a source of confusion and controversy.

The Supplemental Matching Network aims to address these concerns, with a selection of vendors, including London-based Blokur, Jaxsta, Pex, Salt, and SX Works, contributing complementary technologies and capabilities. Andrew Mitchell, MLC’s head of analytics and automation, explained that these vendors were chosen through a rigorous selection process.

As the MLC continues to evolve in innovative ways to achieve its mission, the Supplemental Matching Network represents a significant step forward. The organization remains open to expanding the network to meet future needs and engage additional vendors.

For more information on this groundbreaking development from the MLC, visit the full article here.