Well... kind of. The music industry in general has a long history of being fractionalized by country and region. The laws and regulations, especially around mu

Well... kind of. The music industry in general has a long history of being fractionalized by country and region. The laws and regulations, especially around music publishing, are literally different in almost every country around the globe, with specific PROs and CMOs collecting publishing and performance royalties country by country. You can imagine the inefficiency that creates. That, combined with a history of distribution through physical, not digital media, creates a system that ends up being a massive web of regional licensing deals, collection webs, and opaque royalty flows that have held over to this day. It's not a great system.