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Business News Deals Digital
PRS announces a new deal with Spotify
By Chris Cooke | Published on Monday 24 August 2015
So, I agreed to the new terms and conditions on Spotify the other day, and when I opened up my CMU Daily template this morning this announcement had just been plonked here. Thanks Dan!
No, not really. Though if there’s one thing that can drown out the moaning of privacy geeks obsessing about the new Spotify t+cs, it’s the moaning of any songwriters you’ve just managed to bamboozle into a conversation about streaming royalties. “Unsustainable! Unworkable! Unfair!”, they’ll almost certainly declare. With a nice little rhyme thrown in for good measure. Like what I did there, just for your pleasure.
But none of that is stopping the UK publishing sector’s collecting society PRS For Music from signing up to a new two-year multi-territory deal with the Spotifys. The new arrangement covers a wide-ranging repertoire, with a big slice of the works controlled by PRS in the UK and IMRO in Ireland licensed on a pan-European basis. And in the UK and Ireland itself, songs from 100+ other affiliated societies around the globe are included too.
What about the hub, you ask? What about the SPVs, you ask? I don’t know. Let’s just accept a new deal has been done giving Spotify access to a significant catalogue of songs, and we’ll get into the specifics another day. Agreed? Good. Now you can get on with reading these quality quotes. Or moaning about Spotify’s new privacy terms. Or worrying about the impact of streaming income on the songwriting community. Whichever you prefer really.
PRS For Music’s Head Of Online Ben McEwen: “We are excited to continue working with Spotify, a relationship that allows millions of users across the globe to enjoy our members’ repertoire. The prodigious growth of Spotify is helping to shape a strong future for dynamic, legitimate streaming services, and we support this thriving online market that recognises and remunerates the works of the creator”.
Spotify’s Global Head Of Publisher Relations James Duffett-Smith: “We are very happy to be able to announce the continuation of our successful relationship with PRS For Music. We very much appreciate the ongoing support of PRS For Music and the fantastic publishers and songwriters they represent, and look forward to continuing to build a sustainable future for the creators at the heart of the music industry”.
