New rate for music digital stream

The music collection society - PRS - have unveiled a new pricing plan it hopes may entice YouTube and Pandora back to the UK market. The BBC reports.

From 1 July 2009, firms will have to pay 0.085p for each track streamed, down from the previous rate of 0.22p.

PRS for Music say the new plan will "enable the digital market to grow".

Earlier this year, YouTube started removing premium music videos to UK users after failing to reach a new licensing agreement with the PRS.

Companies wishing to play or stream music over the internet are legally obliged to pay royalties to the artist, enshrined in the Copyright, Designs and Patents Act 1988.

However, many companies said the old rate was prohibitive.

Read full article.

emily | 9:12 AM | News, Buzz |
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