Music streaming prices cut

Music streaming just got a lot cheaper: the Performing Rights Society (PRS) has slashed its royalty charges by more than half to get the likes of Pandora and YouTube back to the table.

YouTube caused a stir earlier this year when it unplugged official music streaming videos from the video sharing site in the UK after a row with the PRS over the cost of streaming an individual track over the net. But the power could be put back on as the PRS has just cut its charges from 0.22p per song down to 0.085p.

The PRS hopes that the cut will “enable the digital market to grow”, and we’re certainly looking forward to what the likes of music streaming service Spotify can do with the extra dough.

YouTube says it welcomes “any efforts to make licensing costs more realistic” but has yet to confirm whether the videos pulled will return under the new pricing scheme, which kicks in from 1 July.

(Via Electricpig)

What do you think of this story? Get chatting about it on the PriceRunner forums.

Related Articles:

1. Sky Music to offer streaming by Christmas?Sky’s music service has been in the works since July last year, but if the latest reports are to be believed it’s about to come thundering out of the gates, offering a streaming service to tackle Spotify by Christmas. Stuff Magazine’s resident music mogul, Mic Wright, reports Sky’s yet to be named music service has signed [...]...
2. YouTube to stream UK TV showsYouTube is in talks to bring full length TV show streaming to the UK, and the negotiations are going down right now! YouTube has been tinkering with full length video streaming in the US recently, but the video sharing site is planning to rollout a similar set up here in the UK. A senior source at Sony [...]...
3. Spotify coming to iPhone by year’s endAn iPhone version of Spotify, the free music streaming service, has long been rumoured, but the company’s top dog says it’s on the way, and will be out as soon as this year! Speaking at The Great Escape music conference in Brighton, Spotify founder Daniel Ek said that the streaming service, which has more than 1m [...]...

Related posts brought to you by Yet Another Related Posts Plugin.

Rate this article