EU: Music Cos Pledge To Improve Access To Online Music
October 20 2009 - 6:50AM
Dow Jones News
European Commission Tuesday said that key companies involved in
online music sales have pledged to improve consumer access to
online songs.
During a meeting with the commission to discus online music, the
companies, including Amazon (AMZN), EMI, Apple inc.'s (AAPL)
iTunes, Nokia (NOK1V.HE), Universal Music Group and music rights
collecting societies from the U.K, Spain and France, announced a
number of concrete steps that should give European consumers better
access to online music, according to the commission.
Because current music licensing mechanism in Europe differs from
country to country and is generally too complex, stakeholders are
missing out on opportunities in the digital world, the commission
said.
Simpler licensing solutions have the potential to expand the
market and bring new and more innovative online music offerings to
a broader range of European consumers, whilst safeguarding authors'
interests.
The companies have agreed to pursue a new EU licensing platform
bringing together repertoires from several national collecting
societes, the commission said.
-By Peppi Kiviniemi, Dow Jones Newswires; +32 (0)2 741 1 483;
peppi.kiviniemi@dowjones.com