UK Voluntary Code of Good Practice on Transparency in Music Streaming

Here is a summary of the UK Voluntary Code of Good Practice on Transparency in Music Streaming in the provided template:

Preamble: Transparency is essential for building trust in the music industry, as it helps to clarify and provide accurate information about music streaming revenues and royalties. This code aims to promote transparency and cooperation among industry stakeholders.

Signatories: The code has been signed by several trade associations, membership organizations, and collecting societies representing the music industry, including the Association of Independent Music (AIM), British Phonographic Industry (BPI), and others.

Implementation: The code will come into effect after a minimum of six months of consultation with members, during which the Intellectual Property Office (IPO) will convene meetings to ensure progress. An overview of the code's implementation and effectiveness will be conducted once a year.

Good Faith and Compliance: All parties commit to acting reasonably, proportionately, and in good faith regarding the principles articulated in this code. In the event of a dispute, parties will engage in direct communication to resolve the matter and may seek the help of trade bodies if necessary.

Definitions: Key terms are defined throughout the code, including "Music Makers