PRS for Music, STIM and GEMA have signed completion documents announcing the launch of the world’s first fully integrated multi-territory music licensing and processing hub covering European territories. Designed to drive growth in the digital music market, the hub will assist both music rightsholders and digital service providers (DSPs) in maximising value by providing incomparable customer service through state-of-the-art technology. The hub, powered by the authoritative copyright database, ICE, and new processing, finance and business intelligence systems, will increase the speed, accuracy and efficiency of music matching and invoicing to ensure that rightsholders are paid more quickly and transparently than ever before while making it easier for music services to secure multi-territory licences.
http://www.cisac.org/Newsroom/Society-News/PRS-For-Music-STIM-And-GEMA-Establish-The-World-s-First-Integrated-Licensing-And-Processing-Hub-To-Power-The-21st-Century-Digital-Music-Market