PRS for Music (the UK’s collecting body that licenses organisations to play, perform or make available copyright music), together with STIM and GEMA (their Swedish and German equivalents), have signed up to an integrated music licensing and processing hub across various European Union territories. The hub is designed to drive growth in the digital music market, by helping music rights holders and digital service providers in maximising their value through state-of-the-art technology. It will increase the speed, accuracy and efficiency of music matching and invoicing so rights holders can be paid quicker than previously, and enabling users to obtain licences across several territories more easily.
More on this story can be found here: https://www.prsformusic.com/aboutus/press/latestpressreleases/Pages/prs-for-music-stim-and-gema-establish-the-worlds-first-integrated-licensing-and-processing-hub.aspx.