This month’s distribution, our eleventh monthly royalty distribution of the year, was completed on November 14. This distribution brought us to 32 total royalty distributions since we began full operations — all of which have been on time or early. November’s distribution primarily covered newly reported usage that took place in August of 2023. The total of all royalty pools reported to The MLC for this cycle was approximately $87.9 million.  

Every month our team attempts to match sound recording uses to the musical works data in our public database and then distributes the resulting matched royalties to our Members. This month, we were able to match more than 85 percent of the total royalty pools we administered to songs currently registered in our database.   

After deducting royalties for usage covered by voluntary licenses maintained by DSPs with rightsholders, we collected approximately $83.9 million in royalties and distributed approximately $62.0 million to our Members.

As you regularly see in our monthly newsletters, we always break down the remaining royalties that are pending distribution into the following three categories: unmatched, unclaimed and on hold. We do this to provide greater transparency into the reasons these royalties are being held and to help you understand the steps you can take to help us reduce these amounts. For a refresher on these terms and what you can do to collect your royalties, check out the Annual Royalty Recap we shared in February. 

This month, the remaining royalties still pending distribution break down as follows:  

  • $12.9 million in royalties for uses we have not been able to match to registered works;  
  • $7.6 million in royalties for shares of matched works that have not yet been registered (or claimed) by our Members; and  
  • $1.4 million in matched royalties that are on hold.  

In addition, The MLC also distributed another $6.2 million in blanket royalties from previously unmatched or unclaimed uses that we were able to match, through reprocessing, to data submitted to us after we completed the initial distribution cycle for that usage. Thanks to reprocessing, our current match rates for each month of usage we initially distributed in 2021 and 2022 now range between 88 and 92 percent, and our overall current match rate for all periods is above 90 percent. 

This month, we continued to distribute matched historical royalties for uses that took place between 2007 and 2017 (during the Phono 1 and 2 rate periods). As a result of reprocessing the remaining unmatched historical royalties that we began processing last year, we were able to distribute approximately $182k in historical royalties this month, plus interest, from a number of different digital services. Overall, we have increased the matched royalties that we have distributed for previously unmatched historical royalties from the Phono 1 and Phono 2 rate periods to more than $25 million, or more than 80 percent from Phono 1 rate period and 45 percent from the Phono 2 rate period. 

As always, the matched historical royalties we distribute are clearly identified on the royalty statements we provide to Members, and we specify the usage month for these historical royalties just like we already do for blanket royalties.  

To catch up on the progress we’ve shared about historical unmatched royalties so far, you can find all the updates here. For more background information, you can read an overview here.