November 15, 2021
The two UK collection societies have announced a new service agreement until the end of 2025, reaffirming their long-standing partnership.
The new deal will see PRS for Music continue to provide its rights management services to MCPS and its members. It also allows MCPS and PRS to continue their joint licensing of mechanical and performing rights, simplifying the process of obtaining rights, while providing administrative cost savings for rightsholders. PRS for Music says that the agreement reaffirms a shared commitment to a comprehensive licensing and growth strategy, alongside the common aims of maximising the value of the rights represented.
Established in 1924, ten years after the formation of PRS, and owned by the Music Publishers Association (MPA), MCPS joined an operational alliance with the Performing Right Society Ltd in 1997, known as the MCPS-PRS Alliance. The two organisations announced the restructuring of the partnership in 2013, with MCPS moving to its current status as a customer of PRS for Music. In 2017, following a Request for Proposal process and new agreement, PRS for Music was awarded the right to deliver end-to-end services to MCPS. The new service agreement signifies another new chapter of collaboration between the two entities, on behalf of their members. To read PRS for Music’s announcement in full, click here.