Skip to main content

PRS For Music Reveals New Rates For Streaming Music

PRS For Music, the entity representing some of the world's best music writers, composers and publishers, has published new new rates for music streaming services which will come into force in July 1st.

The new rates which will apply for 3 years, will see the per stream minimum charge reduced from 0.22p to 0.085p, representing a 61.4 percent reduction. The headline royalty rate however jumps from 8 to 10.5 percent.

Similar rate changes will also happen in the Premium Interactive Webcasting Services and Pure Webcasting Services. The change will have a profound impact on services such as Pandora, Last.fm, Youtube and Spotify.

Youtube and Pandora have essentially pulled out of UK; the former removed all premium muisic videos available to its UK users while Pandora stopped its UK stream more than a year ago after finding out that it was unsustainable to do business in the UK.

We7's CEO, Steve Purdham, told Musically that “On first look the announcement is very positive and could be a significant milestone in the future of British digital music distribution”

and join more than 1400 other followers.

Our Comments

Will the fall in charges bring back Youtube and Pandora? Youtube did told Music Ally tha tthey are still in discussions with the PRS over the license terms for Youtube, which may mean that they are NOT quite happy with the price they are asked to pay. Just as a reminder, Pete Waterman got £11 for the 40 million views Rick Astley's "Never Gonna Give you up" brought in. If the current PRS rates were to be applied (and respected by Google), Youtube would have to pay £34000.

Related Links

New rate for music digital stream

http://news.bbc.co.uk/1/hi/technology/8068154.stm (opens in new tab)

PRS cuts music streaming rates by half

http://www.techradar.com/news/internet/prs-cuts-music-streaming-rates-by-half-602539 (opens in new tab)

paidContent.org - A Break For Music Sites - UK Royalty Body Slashes Streaming Rates

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/26/AR2009052600717.html (opens in new tab)

We7: New PRS rates are a “significant milestone”

http://musically.com/blog/2009/05/26/we7-new-prs-rates-are-a-significant-milestone/ (opens in new tab)

PRS for Music announces new music streaming rates

http://musically.com/blog/2009/05/26/prs-for-music-announces-new-music-streaming-rates/ (opens in new tab)

PRS slashes streaming music rates; will YouTube restore tunes?

http://www.guardian.co.uk/media/pda/2009/may/26/digital-music-and-audio-youtube (opens in new tab)

Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at ITProPortal.com where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.