JACAP and PRS for Music strike Cayman Islands partnership
As part of our ongoing transformation, and for the benefit of our members, PRS for Music is re-evaluating our international agreements. Music is a global business and working on behalf of our members means ensuring that there’s efficient and active licensing and collection in all markets. Working in partnership with JACAP as the society collecting and licensing the Cayman Islands in such close local proximity will benefit songwriters and music publishers alike.
I’m delighted that JACAP will lead in administering copyright for the Cayman Islands as of this coming January. Active licensing requires a strong physical presence, and we are confident that our business model will lead to not only increased licensing revenue for creators around the world including our local members and PRS for Music partners, but also to benefit the local creators of the Cayman Island.
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
The Jamaican Association of Authors, Composers and Publishers Ltd. (JACAP) is a non-profit collective management organisation providing superior quality service from the licensing of copyright works and an efficient distribution service ensuring optimum returns for – composers, authors and publishers globally. In pursuing its mission of Valuing Musical Creativity, JACAP is dedicated towards increasing the benefits to its members by ensuring that their works are properly administered, whilst managing its operations and relationships with integrity to all stakeholders. jacapjamaica.com