Spotify announced as Momentum Music Fund’s exclusive digital partner
PRS for Music Foundation and Arts Council England announce Spotify as their exclusive digital partner at Liverpool Sound City
PRS for Music Foundation and Arts Council England are delighted to announce Spotify as the Momentum Music Fund’s exclusive digital partner.
Launched in May 2013, Momentum provides vital financial support to help talented artists and bands - offering career-boosting grants of between £5,000 and £15,000 at a crucial time in their professional development.
The Arts Council England fund, which is managed by PRS for Music Foundation, has al-ready benefitted 68 of this country’s most exciting artists in these first two years - helping support 46 albums and more than 50 UK tours. Given the unprecedented demand and an increasingly high standard of applications, both Arts Council England and PRS for Music Foundation doubled their investment in the fund for 2015-16.
Spotify’s involvement will further extend Momentum’s impact, with an additional funding contribution, alongside a reward package containing exciting promotional opportunities. Momentum artists will enjoy a close relationship working with the Spotify team and will benefit from access to tools, features and best practices that will enable them to connect with Spotify's 60 million active users across 58 markets globally.
This is a game changing development for Momentum. The demand so far from artists has been off the scale, but the level of Spotify’s involvement will massively enhance what the fund can deliver.
We’re very pleased to be partnering with PRS for Music Foundation and the Arts Council England on the Momentum Fund. This is another example of how Spotify is committed to investing in emerging artists by providing promotional value and expertise, as well as fi-nancial assistance. Artists are at the heart of what we do here at Spotify, and we hope that our contribution will allow all those involved in the Momentum Fund to take the vital next steps in their careers.
Partnership is essential to the vigour of the arts and cultural sector, and organisations and artists are increasingly discovering the value of linking with commercial partners. As we know, digital platforms are an essential tool for new artists, enabling them to connect with their existing fan base whilst exposing them to wider audiences. This partnership with Spotify will further increase the benefits and support that artists receive from the Momentum Music Fund.
A panel discussion “The Momentum Music Fund - The Story So Far” will take place at Liverpool Sound City today at 1.45pm - moderated by XFM’s Mike Walsh and featuring speakers Laura Bettinson (aka FEMME), Andy Rossiter (manager for LoneLady), Becky Hawley (Stealing Sheep), Joe Frankland (PRS for Music Foundation) and Bryan Johnson (Spotify).
This is followed by a Momentum Showcase, featuring four acts supported by the fund, at Liverpool Sound City’s Cavern Stage on Saturday May 23rd - with performances by FEMME, Attaque, LoneLady and All We Are.
For further information please contact:
Liam McMahon – firstname.lastname@example.org / 02037414741
Adam Webb - email@example.com / 07947 062360
Alison Bonny - firstname.lastname@example.org / 07802 430276
Notes to Editors
About Momentum Music Fund
Managed by PRS for Music Foundation, the Momentum Music Fund awards grants of £5,000-£15,000 using public funding from Arts Council England, in association with Spotify. Momentum provides vital financial support which will help talented artists and bands to take their career to another level. Activities eligible for support include recording, writing, touring and marketing.
About PRS for Music Foundation
PRS for Music Foundation is the UK's leading charitable funder of new music across all genres. Since 2000 PRS for Music Foundation has given more than £20 million to over 5,000 new music initiatives by awarding grants and leading partnership programmes that support music sector development. Widely respected as an adventurous and proactive funding body, PRS for Music Foundation supports an exceptional range of new music activity – from composer residencies and commissions to festivals and showcases in the UK and overseas.
About Arts Council England
Arts Council England champions, develops and invests in artistic and cultural experiences that enrich people’s lives. We support a range of activities across the arts, museums and libraries – from theatre to digital art, reading to dance, music to literature, and crafts to col-lections. Great art and culture inspires us, brings us together and teaches us about our-selves and the world around us. In short, it makes life better. Between 2015 and 2018, we plan to invest £1.1 billion of public money from government and an estimated £700 million from the National Lottery to help create these experiences for as many people as possible across the country.
Spotify is an award-winning digital music service that gives you on-demand access to over 30 million tracks. Our dream is to make all the world’s music available instantly to every-one, wherever and whenever you want it. Spotify makes it easier than ever to discover, manage and share music with your friends, while making sure that artists get a fair deal. Since its launch in Sweden in 2008, Spotify has driven more than US$2bn to rights hold-ers. Spotify is now the second biggest source of digital music revenue for labels in Europe, and the biggest and most successful music streaming service of its kind globally.
About PRS for Music
PRS for Music represents the rights of over 160,000 songwriters, composers, and music publishers in the UK and around the world. On behalf of its members, it works diligently to grow and protect the value of their rights and ensure that creators are paid transparently and efficiently whenever their musical compositions and songs are streamed, downloaded, broadcast, performed and played in public. In 2021, 27 trillion performances of music were reported to PRS for Music with £677.2m paid out in royalties to its members, making it one of the world’s leading music collective management organisations. prsformusic.com
PRS for Music’s public performance licensing is now carried out on PRS for Music’s behalf by PPL PRS Ltd, the joint venture between PPL and PRS for Music.