Tuesday, December 10, 2019

BMI and PRS for Music renew their international reciprocal agreement

By Emmanuel Legrand

The UK's PRS for Music and US performance rights society Broadcast Music Inc. (BMI) have renewed their international reciprocal agreement which provides songwriters, composers and music publishers affiliated with the two societies representation in each others' countries.

  The two societies said the agreement "preserves that shared mission by memorialising those innovative practices and procedures to maintain the highest degree of transparency and accountability in each society." The agreement also covers issues such as limitations on administration fees and consolidates arrangements related to digital rights flow, among other things.


  PRS for Music CEO Andrea C. Martin said the new agreement with BMI "is a huge step towards making our relationship a true business-to-business partnership." She added: “While with BMI we have consistently updated our business practices with the average term of PRS’s other reciprocal agreements being 35 years, it is a high priority for PRS to modernise this aspect of our business and uphold a commercial foundation for our international society relationships.”


High standards of transparency

  For BMI President and CEO Mike O’Neill, BMI and PRS have "a shared commitment of delivering the highest standards of transparency and service to our affiliated songwriters, composers and music publishers. This partnership with PRS embraces that commitment and will continue to benefit music creators from both of our territories.”


  PRS for Music claims to have over 100 representation agreements in place globally. BMI said it represents the public performance rights in over 15 million musical works created and owned by more than one million songwriters, composers, and music publishers.

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