PRS for Music, which represents the rights of over 160,000 songwriters, composers and music publishers in the UK and globally, has revealed a record-breaking £211m (€240m/$233m) royalty distribution to members. The figure marks the highest-ever payment in its 108-year history, and an 18% year-over-year increase on October 2021. Live and public performance royalties were up …
Music industry calls on PRS to reverse cuts decision
Some 50 organisations across the music industry have come together to sign an open letter asking PRS for Music, which pays out royalties for members that have music broadcasted, performed in public, streamed or downloaded, to reverse a decision to make cuts. PRS for Music announced at the end of May that it would be …
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 …
PRS for Music launches independent live venue prize
PRS for Music, the organisation that represents songwriters, composers, and music publishers across the UK, has launched its Back to Live Music Venue Prize. The nationwide competition will offer independent live music venues across the UK the chance to win one of six regional prizes of up to £10,000, helping to improve live music experiences …