YouTube holds out after UK body drops music streaming fees
Companies that are looking to build a business by streaming music over the Internet face a delicate balancing act: they need to build an audience in order to make their business work, but face royalty fees that can cripple them before they reach a critical mass of listeners. Accordingly, those royalty payments have been the subject of often tense negotiations in the US, with various interested parties engaging in brinksmanship and threatening to go out of business. Apparently, similar issues are playing out in the UK, where the licensing body PRS for Music was negotiating a new royalty structure with interested stakeholders.
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YouTube holds out after UK body drops music streaming fees
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