BIEM and IFPI renew the Standard Contract ...
London, 2nd December 2013
BIEM and IFPI renew the Standard Contract on royalty payments to authors’ collecting societies
The international organisations representing authors’ collecting societies and record companies, BIEM and IFPI, have reached a new standard agreement on royalty payments for physical formats.
IFPI CEO Frances Moore and the President of BIEM, Mr Georg Oeller, have agreed on the official revival of the Standard Contract, starting from 1st January 2014.
Both BIEM, the International organisation of the Mechanical Rights Societies, and IFPI, representing the recording industry worldwide, welcome the conclusion of this new agreement and the restoration of their contractual relationships.
Full press release is available here: BIEM - IFPI agreement - 2.12.2013.