PRS for Music has welcomed the new Collective Right Management (CRM) Directive to improve the way collecting societies operate across the EU.
The directive, which was introduced in the UK on 10 April, requires all European collective management organisations to meet minimum standards of transparency, governance and customer service generally and in respect of multi-territorial online licensing.
With 60 percent of PRS for Music’s international revenues deriving from the EU, the society said greater transparency and efficiencies will improve the administration and collection of royalties for its members.
Robert Ashcroft, chief executive of PRS for Music, said: ‘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.
‘The directive also provides the essential legal framework to support competition among collective rights management organisations for rightsholders' mandates rather than for licensees, further encouraging the competitive market for online rights by setting high standards for the delivery of multi-territory licensing.’
Details of the UK Regulations can be found here.
The directive, which was introduced in the UK on 10 April, requires all European collective management organisations to meet minimum standards of transparency, governance and customer service generally and in respect of multi-territorial online licensing.
With 60 percent of PRS for Music’s international revenues deriving from the EU, the society said greater transparency and efficiencies will improve the administration and collection of royalties for its members.
Robert Ashcroft, chief executive of PRS for Music, said: ‘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.
‘The directive also provides the essential legal framework to support competition among collective rights management organisations for rightsholders' mandates rather than for licensees, further encouraging the competitive market for online rights by setting high standards for the delivery of multi-territory licensing.’
Details of the UK Regulations can be found here.
