PPL and PRS to 'combine'?
2016
PRS for Music and PPL have announced a proposal to create a new joint venture company to handle all public performance licensing for the UK.
The two licences currently required by businesses playing music in public – one from PRS for the use of the musical composition and lyrics, on behalf of songwriters, composers and publishers, the other from PPL representing the use of the sound recording, on behalf of record companies and performers – would be replaced by a single licence, issued by a new 50/50 JV company. This would represent a considerable shake up.
The move comes after a strategic review that started in 2015 and will notably streamline the licensing process. If the plans are approved, the new company would be expected to begin licensing in 2017, with the full transition of public performance licensing due to be completed within 12 months.
PPL and PRS for Music will now embark on a consultation with key stakeholders and regulators.