PaidContent UK: PRS Slashes Streaming Music Rates; YouTube Still Negotiating

Good news for cash-strapped online music services. Royalty collector PRS For Music has bowed to websites’ pleas for smaller charges, more than halving its on-demand streaming music rate from £0.0022 to £0.00085 per track, effective July 1 and lasting for three years.

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Posted by Ted • Tuesday, May 26, 2009 .