Collective licensing is essential
It ensures fundamental income for composers, artists and performers as well as music publishers and record labels. IMPALA launched its Code of Conduct for collecting societies in early 2010. The aim of IMPALA’s code of conduct is to encourage record company collecting societies to adopt common standards to key issues such as membership, governance, transparency and equal treatment of SMEs active as record producers. The overall objective is to ensure proper flow of revenues across borders in Europe and internationally.
The code has been submitted to the EC, and also to WIPO which looks after copyright on a world basis and which is increasingly interested in this type of question.
In the Code, IMPALA is asking:
- to get rid of processes which discriminate against smaller labels in practice (membership rules, unclaimed monies,etc)
- to make sure money spent on anti-piracy benefits all the members of the collecting society, and
- to set aside a minimum of 5% of society revenues to support new talent (as included in our Action Plan for Finance).
The full Code of Conduct for Collecting Societies can be downloaded here - Collecting Society Code of Conduct 2012.pdf