New rate for music digital stream

The music collection society - PRS - have unveiled a new pricing plan it hopes may entice YouTube and Pandora back to the UK market.

From 1 July 2009, firms will have to pay 0.085p for each track streamed, down from the previous rate of 0.22p.

PRS for Music say the new plan will "enable the digital market to grow".

Earlier this year, YouTube started removing premium music videos to UK users after failing to reach a new licensing agreement with the PRS.

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