Licence sets out how much streamed music services should pay musicians
The current JOL deal expires on June 30, and the renegotiated contract has been subject to much speculation.
Last.FM founder Martin Stiksel recently told NME.COM that the current JOL “is required to change drastically” for it to have any chance of working properly in the future.
Now, initial details of the new deal have been published on Prsformusic.com.
At present, only the details of the licences for subscription music services and official download sites have been published on the website. The licence for non-subscription/download sites like Last.FM is set to go online within the next month.
The issue – which is still unresolved – resulted in the removal of hundreds of official music videos from YouTube.