New royalty rates to settle YouTube music video dispute?

Performing Rights Society unveils its new pricing structure

New royalty rates to settle YouTube music video dispute?
Music royalties body the Performing Rights Society (PRS) is hoping to end its argument with YouTube by outlining a new pricing plan for streamed online material today (May 26).

The new plan - which is part of the Online Music License - suggests that from July 1, 2009 sites would have to pay the PRS 0.085p for each track streamed online. The new rate is down from 0.22p.

Google, which owns YouTube, removed thousands of premium music videos from the streamed site in March because of a dispute with the PRS over royalty fees.

In a statement about the new rates, Andrew Shaw, PRS Managing Director of Broadcast and Online, said that the new rates would make sites such YouTube evolve.

"We believe these new streaming rates will stimulate growth in the digital music market and will benefit our licensees and our members," he said.

A YouTube spokesperson commented that negotiations with the PRS were ongoing, reports Musically.com.

"We welcome any efforts to make licensing costs more realistic, but as we're still in discussions with the PRS to agree license terms for YouTube we're unable to comment further," a statement from YouTube said.

Steve Purdham, boss of the We7 online streaming service, praised the new rates in the plan, calling them a "significant milestone", although he added that there is still more work to do on the issue.

"I am sure for some people it will not be far enough but it is a big start and for me it's a good indication that the PRS is serious about trying to find ways to let new digital models evolve," Purdham explained.

Read More On This Artist

More News
SBTRKT streams new song 'The Light' featuring Denai Moore - listen
George Ezra covers Cyndi Lauper's 'Girls Just Wanna Have Fun' - watch
Foo Fighters pay tribute to late Gwar frontman Oderus Urungus at crowdfunded gig
James Blake unveils new song on BBC Radio 1 show
David Bowie to release new album 'soon', says producer Tony Visconti
Six Iranians sentenced to prison and lashings for dancing to Pharrell's 'Happy' in...
All We Are announce January 2015 release date for debut album – hear first song now
Yorkshire artists cover Gang Of Four's 'Entertainment!' in special Cassette Store...
Guildford venue The Boileroom saved from closure
Richard Hawley to reissue first three albums on vinyl
Johnny Marr reveals new single 'The Trap'
Flying Lotus reveals new song 'Coronus, The Terminator' – listen
Former member of Tatu says she would 'condemn a gay son' in homophobic TV interview
Manchester orchestra covers Oasis, Sex Pistols and The Smiths – listen
Freddie Mercury and Michael Jackson duet to feature on new Queen album 'Queen Forever'
Paul Weller backs campaign to save Guildford venue The Boileroom
Prince reveals new song 'FUNKNROLL' – listen
Guided By Voices announce split and end 'comeback run' with immediate effect
Gwar replace late frontman Oderus Urungus with new singer Vulvatron
Eminem and Sia unveil lyric video for new track 'Guts Over Fear' – watch
Musicians react as Scottish voters reject independence in historic referendum
Laura Jane Grace tweets about 'shitbag' ex-Against Me drummer rumoured to have joined...

More News

Comments

Please login to add your comment.

Featured Videos
Latest Tickets - Booking Now
 
Know Your NME
 

 
NME Store & Framed Prints
Most Read News
Popular This Week
Inside NME.COM
On NME.COM Today