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Business News Labels & Publishers
Collecting societies propose concessions to smooth through Euro-alliance
By CMU Editorial | Published on Tuesday 17 March 2015
European music publishing collecting societies PRS For Music, STIM and GEMA have proposed some concessions to the European Commission in a bid to smooth through the proposal to combine some of the three organisations’ back-office operations, basically expanding on the existing ICE collaboration between PRS and STIM.
The EC announced it was launching an in-depth investigation to consider competition concerns raised by the alliance back in January. According to Reuters, the EC has now extended the deadline of that investigation to 26 Jun to consider the three societies’ proposals.
