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Rates Lowered For Streamed Music In the UK
5/27/2009

An unnamed reader tips the news that the UK's music draft society, PRS, has announced a new pricing plan it hopes may entice YouTube and Pandora back to the UK market. Pandora pulled out at the start of 2008, and YouTube began removing content from the view of UK users last March. "From 1 July 2009, firms will have to pay 0.085p for each track streamed, down from the former rate of 0.22p. head of the music streaming service We7 told BBC News he welcomed the new charges. 'It's brilliant. Not so much the rates but the realization by the PRS that things have to change in the digital world. Till now it's felt like they were not listening,' he said. ... 'They are getting in touch with the reality of the digital world.' 'We've laid our stall out and listened to everyone who would engage with us. We've consulted with the 25 firms that suggest 97% of our revenue over the past six months and have been given opinions from many others. We need to ensure the music artists are paid for their work, but we also wanted to make sure that the frame was in place to enable the digital market to grow.'"

Read more of this story at Slashdot.




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