PRS for Music welcomes the implementation of the CRM Directive
PRS for Music supports the principles and objectives of the Collective Right Management (CRM) Directive which came into force yesterday. Details of the UK Regulations can be found here.
In welcoming the new UK Regulations, PRS believes the CRM Directive will improve the way collective management organisations operate across the EU, which will be in the best interests of rightholders and users.
The CRM Directive is intended to provide long term legislative solutions to ensure all collective management organisations operating in Europe meet minimum standards of transparency, governance and customer service generally and also in respect of multi-territorial online licensing.
With 60% of PRS for Music’s international revenues deriving from the EU, greater transparency and efficiencies will improve the administration and collection of royalties for PRS members, and are in the best interests of all affiliated parties.
From its inception we have supported the overarching principles and objectives of the CRM Directive and the intention to create a framework that promotes transparency, efficiency and accountability by collecting societies in Europe. These characteristics are vital to effective rights management, not just for digital online markets but for national licensing.
The Directive also provides the essential legal framework to support competition among collective rights management organisations for rightholders' mandates rather than for licensees, further encouraging the competitive market for online rights by setting high standards for the delivery of multi-territory licensing.
PRS for Music’s members can find out more about their rights in PRS’s Articles of Association and Rules and Regulations.
About PRS for Music
PRS for Music is one of the world’s leading music collective management organisations representing the rights of more than 165,000 talented songwriters, composers, and music publishers around the globe. Headquartered in the UK, it works diligently on behalf of its members to grow and protect the value of their rights. With a focus on innovation and integrity, PRS for Music is redefining the global standard for music royalties to ensure creators are paid whenever their musical compositions and songs are streamed, downloaded, broadcast, performed and played in public. In 2022, PRS for Music collected £964m and paid out £836.2m in royalties. prsformusic.com