Wednesday 28th April 2010
PRS for Music Pays £117m to Songwriter, Composer and Music Publisher Members
PRS for Music today published details of its first distribution of 2010 to members for the playing and performances of their music both in the UK and abroad. The organisation distributes performing right royalty payments to its songwriter, composer and music publisher members four times a year and music creators will receive payment of their share of a distribution totalling £117m. PRS for Music also makes mechanical right royalty payments on a monthly basis to members.
- In order to secure the distribution, PRS for Music analysed 13.8 million plays and performances of music. More than 532,315 individual musical works were identified as being performed and paid a royalty.
- UK royalties account for 67% of the current distribution, with 33% coming from international markets, notably the US, The Netherlands and France.
- In the past year the percentage of new female members has jumped 17% (on 2008) including Cheryl Cole, Alex Roots and Ellie Goulding who joined during 2009.
Robert Ashcroft, Chief Executive PRS for Music said:
“With the challenges we have faced during the past year, PRS for Music has performed well for our members, collecting £623m. Combined with efficient operations this enabled us to distribute record royalty payments to the songwriters, composers and music publishers we represent.
With a new structure in place and renewed efforts to protect and improve the environment for copyright, we are in the best shape to meet future challenges and continue representing our member’s rights.”
PRS for Music announced last month that 2009 royalty collections had risen to £623m with growth from international music use and online services. The approval of the 2009 accounts and the election of board directors will take place at the AGM on April 29. Philip Ball a freelance science writer and author of The Music Instinct: How Music Works, and Why We Can’t Do Without It, will be giving the keynote address.
For more information, get in touch:
Nicola Formoy, Public Relations Manager:
02073064229 / 07539 837436
Barney Hooper, Head of PR:
02073064548 / 07979 757052
PRS for Music:
PRS for Music represents 65,000 songwriters, composers and music publishers in the UK. As a not-for-profit organisation it ensures creators are paid whenever their music is played, performed or reproduced; championing the importance of copyright to protect and support the UK music industry. The UK has a proud tradition of creating wonderful music that is enjoyed the world over and PRS for Music has been supporting the creators of that music since 1914.
PRS for Music provides business and community groups with easy access to over 10m songs through its music licences. In an industry worth £3.6bn PRS for Music is uniquely placed to be a voice for music and can provide data and comment for all aspects of the business: live, broadcast, sales, online, touring and music creation and up to date analysis, research and trends about the industry.