APRA AMCOS cements licensing agreement with Dutch organisation Buma/Stemra

APRA AMCOS has entered a multi-territory licensing agreement with Netherlands copyright organisation Buma/Stemra.

The agreement is facilitated through APRA AMCOS' Pan Asian Multi-Territory Licensing (PAL) hub, and will see the Australian rights organisation represent Buma/Stemra's repertoire through the wider Asian region, including India.

The arrangement includes licensing, collection and royalty distribution for Buma/Stemra's artists.

Buma/Stemra currently represents more than 30,000 composers, lyricists and music publishers, including Tiësto and André Rieu.

"The online market is growing rapidly in Asia. We’re thrilled that our members from now on will benefit from that growth," Buma/Stemra CEO Bernard Kobes said in a statement.

"We really look forward to working closely together with the excellent APRA AMCOS team in order to maximize the revenue stream for our members."

APRA AMCOS launched the PAL hub in 2013, with Universal Music acting as the foundation member. The hub now includes 12 members.

"We are excited to welcome our trusted society partner Buma/Stemra into our industry-leading Pan Asian Multi-Territory Licensing Hub," APRA AMCOS head Dean Ormston said.

"We look forward to working closely with the fantastic team at Buma/Stemra to help their members unlock the value of their works in what is an incredibly dynamic and hugely exciting digital market that spans both traditional digital music services and emerging world-leading social, gaming and user-generated digital offerings that harness the incredible power of music.