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The Mechanical Licensing Collective (The MLC) is a nonprofit organization designated by the U.S. Copyright Office pursuant to the historic Music Modernization Act of 2018.
In January 2021, The MLC began administering blanket mechanical licenses to eligible streaming and download services (digital service providers or DSPs) in the United States. The MLC will then collect the royalties due under those licenses from the DSPs and pay songwriters, composers, lyricists, and music publishers.
If you are in a publishing deal ask your publisher if they have registered you with The MLC. If you are self-published you will need to register yourself.
PRO (Performance Rights Organization)
PROs pay performance royalties to songwriters and publishers. These royalties are paid out for songs played on the radio, TV, in venues like bars or restaurants, and for streaming.
The sound recording, better known as "The Master," is handled by the artist or record label if they're signed. The royalties paid out from the sound recording are, streaming royalties, neighbouring royalties, digital performance royalties, and sync licensing fees.