Collection societies Performing Right Society (PRS) and Mechanical-Copyright Protection Society Limited (MCPS) have signed a simplified service agreement to the end of 2025.
The pair say the deal will save on administrative costs for rightsholders and make the licensing process easier.
PRS and the MPA Group, owners of MCPS, collectively represent the rights of over 185,000 songwriters, composers and music publishers globally.
“Our partnership with MCPS dates back almost 25 years. In that time, the music landscape has changed vastly and continues to do so,” said PRS for Music CEO Andrea Czapary Martin.
“We are looking forward to continuing our vital work with MCPS, as we strive to optimise our partnerships and joint ventures to maximise member income.”