#GENIUSActPass The GENIUS Act Pass is a proposed legislation aimed at promoting innovation and creativity in the music industry. The act seeks to provide a more equitable system for songwriters and music publishers to collect royalties for their work.
Under the proposed legislation, digital music services would be required to pay royalties to songwriters and music publishers for the use of their compositions. This would ensure that creators receive fair compensation for their work, regardless of the platform or service used to distribute their music.
The GENIUS Act Pass aims to address the issue of music licensing and royalty payments, which can be complex and often favor large music publishers over individual songwriters. By providing a more transparent and efficient system, the act seeks to promote fairness and equity in the music industry.
If passed, the GENIUS Act would likely have a significant impact on the music industry, particularly for songwriters and music publishers. It would ensure that creators are properly compensated for their work, and would promote a more sustainable and equitable music ecosystem. The act would help to support the creative community and foster innovation in the music industry.