Dutch collecting society Buma/Stemra and Australian music rights organization APRA AMCOS have entered into an agreement that will see APRA AMCOS represent Buma/Stemra’s repertoire via its Pan Asian Multi-Territory Licensing (PAL) hub.
According to a joint statement, the agreement “will streamline” the licensing, collection and distribution of royalties for Buma/Stemra’s represented repertoire on digital and online multi-territory services throughout the wider Asian region, which includes India.
Buma/Stemra’s repertoire, which includes music by stars like Tiësto and André Rieu, will be represented by APRA AMCOS through the PAL multi-territory digital licensing hub.
The deal will enable the licensing, collection and distribution of royalties for Buma/Stemra’s represented rights on digital and online multi territory services across the region.
The APRA AMCOS PAL hub was created to offer a full service multi-territory digital licensing, processing and distribution hub for copyright holders.Since Universal Music Publishing became the foundation member in 2013 the PAL hub has now expanded to include 12 members following the addition of Buma/Stemra.
“The online market is growing rapidly in Asia. We’re thrilled that our members from now on will benefit from that growth.”
Bernard Kobes, Buma/Stemra
Bernard Kobes, CEO of Buma/Stemra, said: “The online market is growing rapidly in Asia. We’re thrilled that our members from now on will benefit from that growth.
“We really look forward to working closely together with the excellent APRA AMCOS team in order to maximize the revenue stream for our members.”
“We are excited to welcome our trusted society partner Buma/Stemra into our industry-leading Pan Asian Multi-Territory Licensing Hub.”
Dean Ormston, APRA AMCOS
Dean Ormston, CEO of APRA AMCOS, added: “We are excited to welcome our trusted society partner Buma/Stemra into our industry-leading Pan Asian Multi-Territory Licensing Hub.
“We look forward to working closely with the fantastic team at Buma/Stemra to help their members unlock the value of their works in what is an incredibly dynamic and hugely exciting digital market that spans both traditional digital music services and emerging world-leading social, gaming and user generated digital offerings that harness the incredible power of music.”Music Business Worldwide