#MEMEAct The #MEMEAct (Music Modernization Act) is a law passed in the United States in 2018 that profoundly reformed the way composers, musicians, and rights holders receive royalties for the digital reproduction of their music. One of its key sections, the “Mechanical Licensing Collective” (MLC), established an entity responsible for managing mechanical licenses and distributing payments from platforms like Spotify or Apple Music to music creators. This legislation was considered a significant advancement, as it modernized a royalty system that was outdated in light of the rise of streaming. However, it has also been subject to criticism for its complexity and for excluding certain independent artists or misrepresented individuals. The #MEMEAct represents an important step towards fairer compensation for creators, but it still requires adjustments and oversight to ensure that it truly meets its goal of equity in the digital age. Do you want a more technical or a more informal approach?