EMI says No! to PRS for Music
p2pnet news view Music:- “Takes its ball and goes home.”
That’s the sub-head to a PocketLint story, and it pretty much says it all.
EMI Publishing says it won’t be making its catalogue available at new audio streaming rates for websites, recently published by PRS for Music, the story says, going on:
“The collection society, which organises royalty payments for music publishers, cut its minimum stream rates from 0.22p to 0.085p last month, to cheers from the digital music community.
“However, EMI’s withdrawing its mechanical rights from PRS. That, thankfully, doesn’t mean the catalogue will be unavailable, it just means that it’ll have to administer its own royalty collections at the old 0.22p price.”
And, if Universal Music Publishing and Sony/ATV follow EMI, “PRS may be forced into an embarrassing climbdown,” says PocketLint.
Meanwhile, the news hasn’t been welcomed by music streaming services,” it says.
“We7’s SVP of Digital Music, Clive Gardiner, told Pocket-lint: ‘High minimum payments per stream can really cripple fast-growing new services in the investment phase of a start-up business’.”
And, “There is no doubt that there is an urgent need to license new streaming services. It is disappointing that for whatever reason there seems to have been a lack of communication between some of the key players and PRS for Music,” it has Keith Harris, chairman of MusicTank, saying, adding:
“There needs to be an immediate rapprochement if these important new services are not to begin to flounder due to poor customer experience, though the unavailability of key catalogue”.
First they ignore you, then they laugh at you, then they fight you, then you win ~ Mahatma Gandhi
PocketLint – EMI refuses to stream at new PRS rates, June 30, 2009
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