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Will simpler music licences change the industry?

31 July 2012 Last updated at 16:09 BST

A report out on Tuesday suggests that simplifying music and image licensing could bring more money into the UK.

Business Secretary Vince Cable commissioned the independent review into what can be done to change the licensing process while internet piracy is rife.

5 liveWake Up To Money asked Richard Hooper, one of the report authors, for more details.

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