Here is a link to the EU's Press Release today proposing the extension of term for sound recordings from 50 to 95 years. As the Press Release notes, there is an additional proposal to deal with the problem of term for co-authorship for musical compositions. The proposal is the same as that found in U.S. law:
In the case of a joint work prepared by two or more authors who did not work for hire, the copyright endures for a term consisting of the life of the last surviving author and 70 years after such last surviving author's death.
Here's a teaser though: what is the term for a co-written work where one author is an individual and the other author has created the work as a work for hire?