11 April 2016
PRS for Music supports the principles and objectives of the Collective Right Management (CRM) Directive which came into force yesterday. Details of the UK Regulations can be found here.
In welcoming the new UK Regulations, PRS believes the CRM Directive will improve the way collective management organisations operate across the EU, which will be in the best interests of rightholders and users.
The CRM Directive is intended to provide long term legislative solutions to ensure all collective management organisations operating in Europe meet minimum standards of transparency, governance and customer service generally and also in respect of multi-territorial online licensing.
With 60% of PRS for Music’s international revenues deriving from the EU, greater transparency and efficiencies will improve the administration and collection of royalties for PRS members, and are in the best interests of all affiliated parties.
Robert Ashcroft, Chief Executive, PRS for Music, commented:
“From its inception we have supported the overarching principles and objectives of the CRM Directive and the intention to create a framework that promotes transparency, efficiency and accountability by collecting societies in Europe. These characteristics are vital to effective rights management, not just for digital online markets but for national licensing.”
He added: “The Directive also provides the essential legal framework to support competition among collective rights management organisations for rightholders' mandates rather than for licensees, further encouraging the competitive market for online rights by setting high standards for the delivery of multi-territory licensing.”
PRS for Music’s members can find out more about their rights in PRS’s Articles of Association and Rules and Regulations.
About PRS for Music
PRS for Music represents the rights of over 125,000 songwriters, composers and music publishers in the UK. As a membership organisation it ensures creators are paid whenever their music is played, performed or reproduced, championing the importance of copyright to protect and support the UK music industry. The UK has a proud tradition of creating wonderful music that is enjoyed the world over and PRS for Music has been supporting the creators of that music since 1914.
PRS for Music provides business and community groups with easy access to over 10m songs through its music licences. In an industry worth over £4.1bn PRS for Music is uniquely placed to be a voice for music and music creators. Collecting £537.4m in 2015, PRS for Music is one of the world’s most efficient combined rights organisations. With over 100 representation agreements in place globally, PRS for Music's network represents over two million music creators.