The Copyright Tribunal has approved the terms of a new live music agreement following three years of discussions between Performing Right Society (PRS) and representatives of the live sector, which will become effective from Monday 11 June 2018.
In April 2015 PRS launched a consultation with its members, licensees, stakeholders and live sector industry bodies in relation to Tariff LP, which applies to live sector popular music events. The previous Tariff LP has been in place since 1988. Following a lengthy consultation process and negotiations agreement with representatives of the lives sector on the terms of a new Tariff LP was reached in July 2017. Major industry bodies representing the live sector included the Association of Festival Organisers (AFO), Association of Independent Festivals (AIF), British Association of Concert Halls (BACH), Concert Promoters’ Association (CPA), Glastonbury Festivals Limited, Music Venue Trust (MVT), National Arenas Association (NAA), Society of London Theatre (SOLT), and the UK Theatre Association. Terms of the agreed new tariff were subsequently submitted to and approved by the Copyright Tribunal.
Further details can be found here.