2016 Financial Results
The Performing Right Society (PRS) achieved record financial results for 2016. Royalties paid out to its members for the public use of their musical works exceeded half a billion pounds for the first time in UK music history, reaching an all-time high of £527.6m, up 11.1% (52.5m) year-on-year.
PRS achieved record high royalty revenues of £621.5m, which on a constant currency basis represents 10.1% growth on 2015. All of the four main revenue streams achieved growth or remained stable.
- Milestone reached as £527.6m is paid out in royalties to songwriters, composers and music publishers
- Revenues up 10.1% year-on-year to £621.5m
- 33% more music creators receive royalties
- Royalties paid out on a record 4.2 million works
- 4.3 trillion performances of music reported worldwide – a data volume increase of 80%
NB: All income revenue figures are shown on a constant currency basis
Read the full press release.
|Revenue on a constant currency basis
View more in the Financial Review PDF below or view our Big Numbers Infographic.
The constant currency basis eliminates the impact of exchange rate fluctuations between the financial years.