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Media
PRS confirms new licensing deal with commercial radio sector
By Chris Cooke | Published on Tuesday 16 April 2013
The UK music publishing sector’s collecting society PRS yesterday confirmed it had reached a new licensing deal with the commercial radio sector, which will cover the royalties paid by 300 commercial stations for the rights that exist in the songs they play.
The new arrangement, negotiated with the radio industry’s trade body RadioCentre, will run for at least five years, and under it stations will continue to pay rights owners a percentage of net revenue and an annual lump sum. The licence covers each station’s main output plus online simulcast and catch-up services.
Confirming the deal from the radio industry’s side, RadioCentre boss man Andrew Harrison told CMU: “I am delighted that we have reached this new agreement together. This deal provides freedom for radio stations to use and promote music, while making sure artists and rights holders are rewarded appropriately. We look forward to continuing our mutually beneficial partnership with artists and songwriters for many years to come”.
While PRS chief Robert Ashcroft added: “Radio is a core part of our licensing operation. The changing listener environment, digital music delivery and the growth of radio’s music services mean it’s very important that we continue to have appropriate licensing arrangements for our radio partners. Therefore we are very pleased to have concluded a modernised contract with commercial radio, on behalf of all our members”.
