The definition of Net Broadcasting Revenue is 85% of the gross value whether in money, or money's worth received by the Licensee from broadcasts pursuant to this Licence including, advertising sponsorship, subscriptions, donations, barter and contra deals, and other revenue directly related to the programmes broadcast.

External costs incurred by the licensee in producing sponsored Outside Broadcast events may be deducted. If such costs exceed the value of the sponsorship revenue the value of the said sponsorship revenue shall be nil. The amount by which such costs exceed sponsorship revenue may not be set off against other non-sponsorship revenue.

If you have any further questions, please email radiolicensing@prsformusic.com