9 July 2014
Statement on the GRD
We are disappointed the GRD cannot move forward as planned, though we remain committed to the principles of a single point of works registration and reconciliation of ownership shares under broad stakeholder governance. These principles remain key to the efficient processing of multi-territory licences and accurate distribution of royalties across all usages of creative works. We are actively studying alternative ways of achieving these goals, taking full advantage of the learning gained from the GRD project to date.
For further information and press enquiries, please contact:
Olivia Chapman, PRS for Music - 020 7306 4229 / email@example.com