PRS (Performing Right Society) achieved record financial results for 2017, paying more royalties to music creators than ever before. Royalties paid out to our members for the public use of their musical works once again exceeded half a billion pounds for the second year running as we distributed an all-time high of £605.1m, an increase of £77.5m, up 14.7% on 2016.
With 6.6 trillion performances of music reported to PRS last year, 53% more than in 2016, including streams, downloads, broadcasts and live music shows, PRS collected a record £717m, an increase of 12.7% (£80.7m) year-on-year.
- Record £605.1m paid out to songwriters, composers and music publishers on 4.4 million songs and musical compositions
- Total revenues up 12.7% year-on-year to £717m, an increase of £80.7m on a constant currency basis
- Milestone reached as music played abroad generates a quarter of a billion pounds in royalties for the first time
- Revenue generated from online market sees significant 52.7% uplift
- 6.6 trillion performances of music reported to PRS from across the globe – an increase of 53% on 2016
NB: All income revenue figures are shown on a constant currency basis
Read the press release.