PRS for Music Response to EU Framework Directive on Collective Rights Management
Robert Ashcroft, Chief Executive responds.
The Commission has outlined a new framework for consistent and high standards for transparency and accountability to the members that we welcome as the route to building further confidence in collective management. We also like the standards-based approach to data and processing capability to support multi-territory licensing, because it will provide the incentives for the market to develop and aggregate on a voluntary basis.
As a membership society, owned by its members and governed by a board of directors elected by its membership, PRS for Music has always set the standard for good governance and will continue to do so.
Notes to editors:
- In 2011 PRS for Music distributed £557.2m to its membership
- Royalties collected are paid out quarterly and on average take 6 months to reach members
- PRS for Music is governed by a board of writer and publisher directors elected from amongst its membership
- PRS for Music represents the rights of 90,000 songwriters, composers and music publishers in the UK and through its international network a further 2 million music creators
- PRS for Music has led the way in licensing in online music services and in 2011 issued 71 online music licences, 17 of which were on a pan-European basis
- Full accounts and a financial overview can be viewed here: About us