PRS for Music to extend consultation on Tariff LP
Consultation on Tariff LP to be extended until 30 September 2015
PRS for Music has today announced an extension on the consultation period for Tariff LP which is applied to ticketed live popular music events such as concerts and festivals. Originally Monday, 8 June 2015, the deadline for responses is now 30 September 2015.
The extension has been granted following the Concert Promoters’ Association’s (CPA) stated interest in conducting its own research in response to PRS for Music’s consultation documentation which was announced on April 13. The extension will allow the CPA and other industry groups to respond comprehensively to the consultation. PRS for Music welcomes the industry-wide commitment to engaging in this process.
The CPA represents 45 members and 14 associate members that are active promoters of live music concerts, concert tours, events and festivals.
The extension is also supported by the following industry bodies in the live sector: Association of Independent Festivals, Association of Festival Organisers, British Association of Concert Halls, Music Venues Trust, National Arenas Association, National Open Air Events Association, Society of London Theatre/UK Theatre, Night Time Industry Association and The Event Services Association/Event Industry Forum.
The aim of the consultation is to conduct a comprehensive review across the live music industry to ensure that PRS for Music operates an appropriate tariff for its customers and members.
Notes to Editors:
- This is a joint statement by PRS for Music and the Concert Promoters’ Association (CPA).
About the Consultation
- The tariff is applied to ticketed live popular music events such as concerts and festivals performing songs composed by PRS for Music songwriters and composers.
- The tariff was originally set in 1988 and is 3% of gross box office receipts per event.
- A separate tariff, Tariff LC, that applies to live classical music concerts, is not in the scope of this consultation.
- The consultation will now extend to the 30 September, 2015.
- Visit the live music consultation page find out more about the consultation process.
About PRS for Music
PRS for Music is a world-leading music collective management organisation representing the rights of more than 165,000 talented songwriters, composers and music publishers around the globe. Headquartered in the UK, it works diligently on behalf of its members to grow and protect the value of their rights. With a focus on innovation and integrity, PRS for Music is redefining the global standard for music royalties to ensure creators are paid whenever their musical compositions and songs are streamed, downloaded, broadcast, performed and played in public. In 2022, PRS for Music collected £964m and paid out £836.2m in royalties. prsformusic.com