The U.K.'s Performing Rights Society (PRS) is close to signing extended agreements with collecting societies around the world that would allow the partners to license one another's repertoire for worldwide use, the society reported Friday at its annual general meeting in London.
John Axon, director of performance licensing, says collaborations with bodies such as BMI and ASCAP in the U.S. would develop into plans to license tracks for live webcasts. He suggested that PRS will set daily online licensing packages beginning at £1.37 ($1.95) plus value added tax for low music-use sites, and a percentage of revenue for high-use sites.
In her keynote speech, Member of Parliament Janet Anderson confirmed the government's support of the industry. "British songwriters, performers, music companies, and music consumers will only benefit from the online revolution if music is paid for," she said.