The UK music publishing
sector's collecting society PRS has announced that it has reached a new
licensing deal with the commercial radio sector, which will cover the royalties
paid by 300 commercial stations for the rights that exist in the songs they
play. The new minimum five year deal means stations will continue to pay
rights owners a percentage of net revenue and an annual lump sum. The licence
covers each station's main output plus online simulcast and catch-up services.
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