European Union has ideas for online music trading

European Union has ideas for online music trading

In order to boost the web market of selling music on the Internet, the European Union has proposed a single Europe-wide copyright and licensing system for the digital content. The aim is to make it cheaper for the artists to obtain copyright over their material by improving the system of selling music on the internet.

EU Internal Market Commissioner Charlie McCreevy said in a statement: “We have to improve the licensing of music copyright on the Internet. Europe’s creative community will get the lion’s share in revenues achieved online.” In the current scenario, any artist planning to get copyright over his content has to apply in all the EU’s 25 member nations each having their own policies.

This result in higher costing for the artist to obtain a wider copyright leading to a worse situation compared to what happens in the United States. The online music sales market in the US is around eight times larger than what it is in the entire Europe. The process of registration adds to the complexities resulting in music that is more expensive for the end user.

EU said in a statement: “The most effective model for achieving this is to enable right-holders to authorize a collecting society of their choice to manage their works across the entire EU.” As per the latest proposal, single point registration system would make it easier and simple for the artists to get their respective copyrights leading to a healthier and cheaper online music market in the region giving it enough weapons to face the competition from the United States.