Europe Moves to Aid Digital Music Industry
Posted in: Online TV/Music at 12/07/2012 15:12
The European Commission plans to introduce legislation on Wednesday to bolster the digital music market in Europe by streamlining the methods of agencies that collect royalties on behalf of copyright holders.
Michel Barnier, the internal market commissioner, is expected to propose a bill aimed at resolving problems at the 250 collecting societies that operate in the European Union, some of which are holding back growth in digital music. The move follows the disclosure that some of these groups have lost money on risky investments or, in some cases, failed to pay royalties owed to rights holders.