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JACAP and PRS for Music strike Cayman Islands partnership

Above: PRS for Music’s Chief International Business Officer, Sami Valkonen
PRS for Music, the leading global performing rights society, based in the UK, has signed a new partnership agreement with JACAP. Effective as of the 1st of January 2023, the Kingston-headquartered Jamaican society will license the millions of musical works represented by PRS to music users in the Cayman Islands. This new partnership will utilise JACAP’s expertise of licensing in the region, for the benefit of local customers and the songwriters, composer and publishers whose works are being used. 
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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.

Sami Valkonen, Chief International Business Officer, PRS for Music
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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.

Lydia Rose, CEO, JACAP

About PRS for Music

PRS for Music represents the rights of over 160,000 songwriters, composers, and music publishers in the UK and around the world. On behalf of its members, it works diligently to grow and protect the value of their rights and ensure that creators are paid transparently and efficiently whenever their musical compositions and songs are streamed, downloaded, broadcast, performed and played in public. In 2021, 27 trillion performances of music were reported to PRS for Music with £677.2m paid out in royalties to its members, making it one of the world’s leading music collective management organisations. prsformusic.com

PRS for Music’s public performance licensing is now carried out on PRS for Music’s behalf by PPL PRS Ltd, the joint venture between PPL and PRS for Music.

About JACAP

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 

 
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