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News of Intellectual Property08.07.2005 - EU plans online copyright licence Creators of online music services such as composers, lyricists and performers would be able to secure a single pan-European copyright licence for the first time under proposals tabled yesterday by the European commission. The proposals, to be launched formally in the autumn, are designed to boost the growth of legitimate online content services in the EU and close the gap with America in webcasting and streaming. An EC study found the US market was worth ˆ500m (£340m) a year against just over ˆ100m in the EU. The cost of a licence, granted via collective rights managers to commercial users, is about ˆ19,000 for mechanical and performance rights in the EU`s 25 countries - ˆ475,000 in total. Given that the profit on each download was ˆ0.10, it would require 4.75m of these to recover the cost of the licences. "We want one licence covering all of Europe via a pan-European authority," EC officials said. A main aim is to ensure more royalties are distributed to rights-holders across national borders. |
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