PRS for Music has announced a new two year multi-territory licensing deal with music streaming and subscription service, Spotify.
The deal continues the ongoing relationship between the pair and allows the streaming service to carry on offering its users a massive catalogue of music in the UK and Ireland.
It covers the repertoire of PRS for Music and IMRO (Irish society) members, plus repertoire represented by the indie music publishers collective IMPEL and that of over 100 PRS for Music-affiliated societies around the globe.
The new deal is part of PRS for Music’s continued commitment to support and licence streaming services to ensure that its members are fairly remunerated for their works.
Ben McEwen, PRS for Music’s head of online said: ‘We are excited to continue working with Spotify, a relationship that allows millions of users across the globe to enjoy our members’ repertoire.
‘The prodigious growth of Spotify is helping to shape a strong future for dynamic, legitimate streaming services, and we support this thriving online market that recognises and remunerates the works of the creator.’
James Duffett-Smith, Spotify’s global head of publisher relations, added: ‘We are very happy to be able to announce the continuation of our successful relationship with PRS for Music.
‘We very much appreciate the ongoing support of PRS for Music and the fantastic publishers and songwriters they represent, and look forward to continuing to build a sustainable future for the creators at the heart of the music industry.’
In related news, PRS for Music has launched a ‘Streamfair’ campaign to raise awareness about the need for legislative reform to ensure music creators are properly remunerated in the streaming market. For more info, see http://www.prsformusic.com/streamfair/
Source | www.m-magazine.co.uk