MCPS broadcast commission rates to rise, society predicts 'significant 2012 losses'

RHIAN JONES

Broadcast commission rates are to increase 1.25% for MCPS UK and Ireland Board members from June 2013, after MCPS is predicted to see significant financial losses in 2012.

MCPS sits under the broader PRS for Music brand, and licenses members' mechanical (reproduction) rights and pays mechanical royalties.

Following a decade of decline in revenues from traditional recorded media streams and the growth of digital music services from downloads to streaming, the Board reviewed the rates and the shared operational costs of running ...

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