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July 02, 2009

EMI Says No To PRS...

P2P.net | Read Full Story >

EMI Publishing says it won’t be making its catalogue available at new audio streaming rates for websites, recently published by PRS for Music, the story says, going on:

“The collection society, which organises royalty payments for music publishers, cut its minimum stream rates from 0.22p to 0.085p last month, to cheers from the digital music community.

“However, EMI’s withdrawing its mechanical rights from PRS. That, thankfully, doesn’t mean the catalogue will be unavailable, it just means that it’ll have to administer its own royalty collections at the old 0.22p price.”



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