How the Performing Rights Society (PRS) be radically affected by the digital download revolution
(PRWEB) November 21, 2004 -- The Performing Rights Society (PRS) and similar royalty collection agencies are facing an uncertain future due to the rise of independent legal music download companies like Zejo.com. Why? Because these young web based companies can offer legal downloads using unique licensing models that allow them to sell music with the full permission of the artists, and also creates a more efficient way for an artist to be fairly paid.
Zejo.com are set to challenge these collection companies even further by introducing their own unique style of commercial licensing.
Conventional royalty collection methods are outmoded and worked well in the days when a physical product had to be moved and sold, now the collection systems are not geared to effectively collect revenue from virtual products such as music downloads." stated Lee Pritchard, entrepreneur and co-founder of Zejo.
Drastic measures would need to be taken for companies like the PRS to offer the same flexibility as independent download providers. Changes to the current system can only take place when collecting agencies acknowledge the fact that downloading is the future and that easier licensing models need to become common place. The conventional collecting methods work best for mainstream artists.
Pritchard continued, The point is to offer a one stop solution to consumers of original music, that will still ensure the artist is paid fairly and frequently, which is not always the way it works now. The current method is inefficient for lesser known artists and they often dont receive any recompense from public performance of their music."
Since Zejo launched in April, respected industry composers and unsigned bands have been welcomed onboard, enticed by the possibility of receiving a fair payment for their work, as well as having the confidence that their copyright is still owned by them.
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