Music industry settles a big fight ahead of Grammys

Illustration: Caresse Haaser, Rebecca Zisser / Axios 

The music industry may be close to an agreement on how to pay musicians fairly for their work — just in time for Sunday's Grammys. Members of Congress will hold a hearing Friday in New York City to discuss a bipartisan bill to rewrite music licensing and copyright laws, featuring testimony from celebrity artists like Aloe Blacc and Booker T. Jones.

Why it matters: It's unusual that musicians, record labels, and streamers would compromise on something this big. For the first time in over a decade, an overhaul of the copyright laws — and a chance to put more money in artists' pockets — has a chance to pass in Congress due to unprecedented support from stakeholders across the industry.