Jurisdiction(s):
United Kingdom

Key definition

JV definition

What does JV mean? JV is the commonly used abbreviation for joint venture in UK and Irish legal practice. It is a descriptive, non-statutory term used across contexts and may denote: (a) a corporate joint venture, typically a special purpose company (or an LLP in the UK) governed by a shareholders’/members’ agreement; (b) a purely contractual joint venture under a joint venture agreement; or (c) a partnership. Note that a Scottish partnership has separate legal personality; partnerships in England & Wales, Northern Ireland and Ireland do not. Typical legal features include capital and asset contributions, governance and voting, profit/loss sharing, transfer restrictions, deadlock mechanisms,...

European Commission M.6800: clearance of PRS for Music, STIM and GEMA joint venture for online music licensing and copyright administration, with FRAND commitments affecting DSPs and Option 3 publishers

Published by a LexisNexis Competition expert

Practice notes

CASE HUB ARCHIVED –this archived case hub reflects the position at the date of the decision of 16 June 2015; it is no longer maintained. See further, timeline and related cases.

Case facts

Outline of the European Commission’s merger inquiry into setting up a full‑function joint venture uniting the online repertoires of three collective rights management organisations, prs for music Limited, Föreningen Svenska Tonsättares Internationella Musikbyrå u.p.a and Gesellschaft für musikalische Aufführungs‑ und mechanische Vervielfältigungsrechte. There are horizontal overlaps in the markets for the licensing of online musical works and administrative services supplied to ‘Option 3 publishers’.

Latest developments

The Commission cleared the transaction subject to commitments on 16 June 2015 after a phase II investigation. The Commission has accepted the following commitments:

PRSfM will not use its control over the performing rights it manages to compel ‘Option 3 publishers’ or their service providers to purchase copyright administration services from the joint venture—the joint venture will enable other collecting societies and ‘Option 3 publishers’ to select which copyright administration services they wish to use
the joint venture will offer key copyright administration services to other collecting societies on terms that are fair, reasonable and non‑discriminatory when compared

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Web page updated on 21/05/2026

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