NCB and PRS for Music/MCPS have entered into a new partnership to jointly develop systems for handling royalties collected for recorded media.
/ 28/09/2010 / codexPRS for Music and NCB (Nordic Copyright Bureau) have announced a new partnership to co-operate on recorded media royalty processing
27 September 2010
The partnership will see PRS for Music move its recorded media royalty processing onto the more modern and efficient NCB system, which will be developed to cater for PRS for Music requirements. Importantly for both PRS for Music and NCB, the partnership responds to rightsholders' desire for closer co-operation between societies to reduce society costs through the elimination of duplication in processing and in working together to build and run systems. NCB and PRS for Music will establish a joint venture to undertake this development work and undertake future processing. A Program Board comprising representatives from PRS for Music and NCB has been installed to oversee delivery of the programme, which is expected to deliver PRS for Music recorded media processing on the NCB system by the end of 2011.
"Our objective is to be the collecting society of choice for rights holders. Consolidation is essential to reducing society processing costs, and choosing NCB as our partner is an important step in positioning PRS for Music as a hub for rights administration within Europe."
"NCB's joint venture with PRS for Music fully supports our core purpose of offering efficient, transparent and competitive copyright management to rights holders and our owners. Relyingon state-of-the-art systems and our joint know-how, we are confident that we have chosen the right strategic partner in this area."
For more information, get in touch: Nicola Formoy, Public Relations Manager: nicola.formoy@prsformusic.com02073064229 / 07539 837436
Barney Hooper, Head of PR: barney.hooper@prsformusic.com02073064548 / 07979 757052
PRS for Music represents 70,000 songwriters, composers and music publishers in the UK. As a not-for-profit organization it ensures creators are paid whenever their music is played, performed or reproduced