The American Association of Independent Music (A2IM) and the Recording Academy applauded Congress on Thursday (July 3) for passing the Help Independent Tracks Succeed Act. The legislation, also known as HITS Act, will allow recording producers and artists to deduct up to $150,000 in recording expenses immediately rather than spreading costs over multiple years.
Source: A2IM and Recording Academy welcome congressional passage of HITS Act







Those using the platform can now indicate their interest in AI training licensing deals by marking songs as “Open to AI licensing.” The company explains that this selection registers rightsholders in a dedicated database, “creating a simple process for AI companies to seek authorization and legally license compositions and recordings from artists, labels, and publishers”.