The Performing Right Society (PRS) achieved record financial results for 2016. Royalties paid out to our 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
|Revenue on a constant currency basis||621.5||564.3||10.1|
Read the details
You can read the full details of our performance in 2016 in the following PDF reports.