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STIM, PRS for Music, GEMA to launch music licensing JV

( June 17, 2013, 14:00 GMT | Official Statement) -- MLex Summary: Collecting societies including UK's PRS for Music, Sweden's STIM and Germany's GEMA have announced creating a joint venture that will simplify both national and pan-European music rights licensing and processing. The societies plan to combine their national repertoires and provide licensing services to other holders of multi-territorial European online rights, both publishers and societies. The deal is subject to approval by competition authorities.The full statement follows:...

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