Senate introduces measure to compel Oldies compensation. Industry thrilled.

A quintet of senators has introduced the “Compensating Legacy Artists for Their Songs, Service, and Important Contributions to Society” Act—the acronym for which just happens to be CLASSICS—what are the odds? This legislation would plug the loophole that permits songs recorded before 1972 to escape royalty compensation. The musicFIRST Coalition is understandably over the moon about this; Executive Director Chris Israel commented, “The musicFIRST Coalition applauds senators John Kennedy (R-LA), Chris Coons (D-DE), Thom Tillis (R-NC), Bob Corker (R-TN), and Cory Booker (D-NJ) for introducing this important legislation and poor working to ensure that music has value, no matter what year it was made in.”