EMI Publishing is refusing to make its catalogue available for streaming under the new 0.085p minima rate proposed by PRS for Music in the UK. The publisher will now administer its own royalty collections with the aim of securing higher rates from streaming services.”We are not currently satisfied that the new rates – in particular the minima – proposed by PRS for Music for streaming services are appropriate,” says general counsel for Europe Antony Bebawi. Universal Music Publishing and Sony/ATV are also thought to be unhappy with the new rates.This is a serious problem. The new rates were hailed as a chance to give innovative new streaming services a chance to thrive. EMI’s decision to snub them shows that the problems facing online licensing aren’t just about technology firms versus the music industry – they’re as much about the infighting within the music industry itself.
EMI Publishing balks at new PRS for Music streaming rates
July 1st, 2009 by Music Ally