Two collective rights management organisations are to merge. PRS for Music (Performing Rights Society – PRS) represents the rights of over 115,000 songwriters, composers and music publishers in the United Kingdom. Phonographic Performance Limited (PPL) is a music licensing company that works on behalf of record companies and performers in order to license recorded music which is played in public. License fees are paid to PRS for Music and/or PPL for the public performance of protected works in their inventories. The license fees are then distributed to members of the organisations.
Following a strategic review in 2015 the two companies have now confirmed that they plan to launch a joint venture. The purpose of the joint venture, which would be owned equally by the two companies, is to make the process of obtaining the relevant license for public performance as streamlined as possible.
The aim of the new venture is that customers will be able to obtain a joint PRS and PPL license in one go and with one payment. This will hopefully simplify the licensing of music for UK businesses, something which can only be welcomed by businesses seeking to ensure they comply with the law in this area.
It is hoped by PRS and PPL that the new venture will commence licensing activities in 2017 following completion of the necessary preparatory work to launch the venture. A final interesting point to note about the new venture is that it is expected to be based in a UK city outside of the M25.
If you are interested in learning more about this new venture or have any other performance licensing queries please do not hesitate to contact the team at McDaniel & Co. Solicitors on 0191 281 4000 or by email at email@example.com: Contract, Copyright, EU/International, News