This bill would establish a new Artist Compensation Royalty Fund to provide direct payments to musicians from music streaming services. The legislation requires streaming service providers to charge subscribers an additional fee equal to 50 percent of their subscription cost, with a minimum of $4 and maximum of $10 per month, with these funds deposited into the new fund. The collected royalties would be distributed quarterly, with 90 percent going to featured artists based on their share of qualifying streams and 10 percent distributed through unions to session musicians and backup vocalists. A nonprofit entity approved by the Library of Congress would administer the fund and track streaming data, with the program launching within the first quarter after the fund administrator is designated. The bill applies to all music streaming service providers and includes enforcement mechanisms allowing the fund administrator to establish penalties for non-compliance.
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