Music industry bodies urge PRS to reconsider new 10% livestream tariff

nme.com:

The newly updated Online Live Concert licence includes “an interim discounted [tariff] rate of 10 per cent (+VAT)” for livestreams that generate over £1500 in revenue.PRS say that the policy will be revisited once physical gigs can return to normal, “after which a permanent rate will be benchmarked against other online premium video and streaming services, reflecting both the rights exploited and the market in which they operate”.In a joint statement issued today (May 7), the MMF and FAC criticised the new 10 per cent tariff – which is also set to be backdated for livestreams which took place in the last 12 months and generated over £1500 – and said that it “has the potential to be damaging for many artists who have livestreamed during the.