In the past year there were a number of significant developments to music-related policies and commercial standards. Why do these changes matter and what will be their economic and business impact? This panel will analyze these recent developments and their potential effects on monetization, legal agreements, and business practices. Topics will include the increase in the statutory mechanical royalty rate, the Free Artists from Industry Restrictions bill pending in California, the implementation of Article 17 in Europe, the proposed SMART Act, major labels forgiving unrecouped royalty balances for legacy artists, and BMG's removal of controlled composition clauses. (Mondo attendees are welcome to attend all CLE panels.)