PRS cuts music streaming rates by half

Is it enough for YouTube to change tack?

The Performing Rights Society (PRS) has announced significant changes to its online charges, which sees the rates that music-streaming services have to pay slashed by more than half.

This is good news for online music sites currently hosting legitimate music content, and could pave the way for YouTube to reverse its recent decision to pull premium music videos from its website.

Stimulate growth

The rates have been officially slashed for per-stream content, from 0.22p to 0.085p – something the PRS thinks will be a boost for musicians.

"We believe these new streaming rates will stimulate growth in the digital music market and will benefit our licensees and our members," explained Andrew Shaw, Managing Director of Broadcast and Online at PRS for Music.

"The Copyright Tribunal established the principle of a per stream minimum to protect creators; maintaining this principle will ensure that writers, composers and music publishers continue to be rewarded every time their music is enjoyed.

"As new entrants join the market and existing providers expand, music creators will reap the rewards by sharing in the success that their talent is generating. This is a good deal for music creators and for music lovers."

Down the YouTube

YouTube pulled a number of music videos back in March, with the website unable to agree a fee with the PRS.

At the time YouTube said that "under PRS's proposed terms we would lose significant amounts of money with every playback."

It will be interesting to see if the new rates are enough to end the YouTube's current music video drought.

Via Paid Content


Content Team Lead

Marc (Twitter, Google+) is the content team lead for Future Technology, where he is in charge of a 14-strong team of journalists who write many of the wonderful stories that end up on TechRadar, and T3 magazine. Prior to this he was deputy editor of TechRadar, had a 10-month stint editing a weekly iPad magazine, written film reviews for a whole host of publications and has been an integral part of many magazines that are no longer with us.