Tuesday, 16 April 2013

PRS concludes new commercial radio deal

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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