Live music revenues faced further decline in 2021

PRS for Music, a body that collects royalties for songwriters, has said that royalties from live performances of music fell roughly 30% in 2021, despite concerts and festivals resuming in the summer. Revenue from concerts amounted to just £8m (€9.5m/$10m), down from £11.3m in 2020 and £54m in 2019. PRS said that only 19,300 setlists …