The move follows a recent summit in London, which saw more than 60 UK and US producer managers gather to discuss what many believe is the systematic erosion and devaluation of the producers' role.

Stephen Budd, founder of producer management company Stephen Budd Management, council member of the Music Managers Forum and initiator of the organisation's Producer Management Group (PMG), says there are real monetary pressures on producers nowadays.

"Very few projects generate royalties for producers anymore and in many ...