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Business News (more headlines) 02-16-2014

MEPs Back Collective Rights Management Directive

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With 640 of 680 votes, the European Parliament has passed the long awaited Directive on collective rights management.

According to rapporteur Marielle Gallo, "the Directive will allow a Lithuanian singer to choose what collective management organisation he wants to hand over his repertoire."

This new found choice for artists will also bring competition between the organisations. It also includes clear deadlines for societies to distribute fees to the artists.

Another important step taken by the Directive is the push for multi-territorial licences. "Instead of having to ask all collective rights agencies, we will have six, seven or eight where a pan-European licence can be issued," said Gallo.

Online streaming services will now find it easier to get the necessary legal clearance to offer music streaming services across the EU.

Michel Barnier, the EU Commissioner behind the legislation, said it would "facilitate the entry of smaller innovative suppliers on the European market" and lead to more competition for legal downloading.

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