The music collection society – PRS – have unveiled a new pricing plan it hopes may entice YouTube and Pandora back to the UK market.From 1 July 2009, firms will have to pay 0.085p for each track streamed, down from the previous rate of 0.22p.PRS for Music say the new plan will “enable the digital market to grow”.Earlier this year, YouTube started removing premium music videos to UK users after failing to reach a new licensing agreement with the PRS.
http://news.bbc.co.uk/2/hi/technology/8068154.stmAlso see:YouTube may revive music streaming as PRS for Music cuts royalties
The music royalties collection body for the UK has sharply cut its prices for internet music tracks, paving the way for more online streaming services.Under the new pricing plan from PRS for Music, which represents composers and lyricists, digital music sites will have to pay 0.085p for each track streamed, down from the previous rate of 0.22p.
http://technology.timesonline.co.uk/tol/news/tech_and_web/article6367121.ece