Online music licensing venture makes offer to allay EU concerns

Three of Europe's biggest groups, which collects royalties for songwriters and performers, have offered concessions in a bid to soothe European Union regulatory concerns about their plan to set up an online music licensing venture. The European Commission in January said it was concerned that the planned online venture by Britain's PRS for Music Limited (PRSfM), Sweden's Foreningen Svenska Tonsattares Internationella Musikbyra (STIM) and Germany's Gesellschaft für musikalische Auffuehrungs- und