September 8, 2023
New initiative designed to accelerate music royalties to all songwriters and composers.
PRS for Music is today announcing the extension of its groundbreaking Nexus programme, with a new initiative to ensure songwriter and composer information is linked to recordings, prior to release.
With 100,000s of new recordings uploaded to streaming services daily, music creators and publishers face a constant challenge to identify where and when their works have been used. A problem significantly complicated because metadata identifying the work, (the composition and lyrics) is rarely provided to streaming services by those uploading recordings. It can take months, sometimes even years, after release for songwriters and composers to be matched to a recording of their works. A delay which inevitably impacts how quickly royalties can be paid to them.
Supported by CISAC (the International Confederation of Societies of Authors and Composers), PRS for Music’s initiative is the first of its kind, aiming to solve this problem by allowing those releasing music to instantly generate a unique identifier for the work.
Establishing the link between the identifiers for the recording, the International Standard Recording Code (ISRC), and the work, the International Standard Works Code (ISWC), is the most effective way of tracking where and when a work has been used online. By giving those uploading music a simplified way to include an ISWC, alongside the existing data they already provide to streaming services, will significantly streamline the process of collecting and paying royalties.
The new technology, delivered via a simple online tool extending the current CISAC system, will help PRS for Music to more quickly and cost-effectively, maximise the value of members’ works online.
This pioneering initiative is designed to solve a worldwide issue and revolutionise how songwriters are paid. Linking ISWC’s to ISRC’s at the point of release is crucial and has long been an obstacle for music creators. We are committed to driving the entire music industry towards a single and unified data strategy, a common rail which is built on transparency and trust. This is why we launched our Nexus programme, which is aimed at moving the industry from merely discussing its data problems to solving them.Andrea Czapary Martin, CEO, PRS for Music
Incomplete or inaccurate metadata too often results in significant delays in royalty payments to creators. The industry has long recognised the value of providing complete recording and works data at the point of release, but progress towards achieving this has been too slow. We have taken on the challenge of simplifying the process of obtaining an ISWC, removing one of the key barriers in the existing data chain. This is a perfect addition to our wider Nexus programme, which has been established to drive positive change and provide practical solutions to the industry’s data challenges.Mark Krajewski, Managing Director of Strategic Alliances and Chief Information Officer, PRS for MusicMark Krajewski, Managing Director of Strategic Alliances and Chief Information Officer, PRS for Music
The project will run for six months with PRS for Music hosting the testing and Spanish Point Technologies Ltd building a new test environment, which will interface with the existing ISWC system managed by CISAC. Upon completion, the findings will be evaluated and, if successful, handed over to CISAC for continued development.
This initiative forms part of PRS for Music’s Nexus programme, aimed at delivering innovative data solutions for the music industry. Nexus also includes the metadata portal announced in 2022 and the recently launched Get Paid Guide, an education initiative created in partnership with The Ivors Academy, the UK Music Publishers Association (MPA), and the UK’s Intellectual Property Office.
PRS for Music is a world-leading music collective management organisation representing the rights of more than 165,000 talented songwriters, composers and music publishers around the globe. Headquartered in the UK, it works diligently on behalf of its members to grow and protect the value of their rights. With a focus on innovation and integrity, PRS for Music is redefining the global standard for music royalties to ensure creators are paid whenever their musical compositions and songs are streamed, downloaded, broadcast, performed and played in public. In 2022, PRS for Music collected £964m and paid out £836.2m in royalties. prsformusic.com
CISAC – the International Confederation of Societies of Authors and Composers – is the world’s leading network of authors’ societies. With 225 member societies in 116 countries, CISAC represents over four million creators from all regions and artistic repertoires, including music, audiovisual, drama, literature, and visual arts. CISAC, whose President is singer-songwriter and ABBA co-founder Björn Ulvaeus, protects the rights and represents the interests of creators worldwide. Founded in 1926, it is a non-governmental, not-for-profit organisation with headquarters in France and regional offices in Africa, Latin America (Chile), Asia-Pacific (China) and Europe (Hungary). www.cisac.org Twitter: @CISACNews | Facebook: CISACWorldwide.
Source: PRS for Music