European agreement set to boost Britain's creative industries
1 min read
21 February 2014
Online music services and the UK's creative sector will be able to trade more easily across Europe thanks to a new EU directive.
The European Council has agreed on the Collective Rights Management Directive which will simplify the licensing process, making it easier for businesses to operate across Europe and saving them time and money.
The agreement is set to benefit UK’s creative industry which now accounts for over 1.5 million jobs and more than five per cent of the country’s economy.
Lord Younger, minister for intellectual property, said: “The UK has a world class music sector which supports thousands of jobs across the country. The very fact that we are one of only two net exporters of music in Europe underlines its importance.
“This deal should be seen as a positive step taken by the European Commission and I welcome this agreement. By simplifying cross-border licenses we are making sure that we continue to do all we can to support this thriving industry.”
The changes will help improve access to legitimate EU-wide online music services and will see the introduction of minimum standards of conducts for all EU vodies that license copyright and collect royalties.
The new rules on creative rights management were agreed by EU industry ministers at a meeting in Brussels yesterday.