The ambitious Global Repertoire Database (GRD) project to aggregate information about songs from collecting societies and publishers collapsed last week, despite participants having invested £8m in getting it up and running. Societies including ASCAP, SOCAN, PRS for Music, SACEM, SIEA and SGAE pulled their future funding, with several rival projects already under development. Music industry omnishambling at its finest. Now PRS for Music has issued a public statement on the collapse of the GRD. “We are disappointed the GRD cannot move forward as planned, though we remain committed to the principles of a single point of works registration and reconciliation of ownership shares under broad stakeholder governance,” said the society. “These principles remain key to the efficient processing of multi-territory licences and accurate distribution of royalties across all usages of creative works. We are actively studying alternative ways of achieving these goals, taking full advantage of the learning gained from the GRD project to date.”
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