YouTube responds to new PRS for Music streaming rates


Earlier today, PRS for Music announced its new rates for streaming music services, increasing the headline royalty rate to 10.5% of revenues, while dropping the minima per-stream payment to 0.085p.What, you may be wondering, does Google make of all this, given its ongoing dispute with PRS for Music over streaming royalty rates for its video site YouTube? Well, we asked them.”We welcome any efforts to make licensing costs more realistic, but as we’re still in discussions with the PRS to agree license terms for YouTube we’re unable to comment further,” says a spokesperson.So there you have it. It’ll be interesting to see if the new rates announcement is followed by a resolution to the dispute, or whether Google holds out for better terms.

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