PRS for Music supports Music By Numbers 2020 report
The annual economic study by UK Music and its members shows that the UK music industry continued to grow in 2019 across every sector before the COVID-19 enforced shutdown hit in early 2020.
At full power, the UK music industry is a true economic, social and creative force. The report clearly evidences this, showcasing the vital contribution of this country’s diverse songwriters, composers and music publishers to our economy and its impact globally.
A world-leading music industry with a decade of sustained growth doesn't happen by accident. COVID-19 has now shaken that industry to its core and we urge the government to continue supporting music creators nationwide, investing in one of the UK’s most successful creative exports.
About PRS for Music
PRS for Music represents the rights of over 155,000 songwriters, composers, and music publishers in the UK and around the world. On behalf of its members, it works 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 2020, 22.4 trillion performances of music were reported to PRS for Music, with £699m paid out in royalties to its members, making it one of the world’s leading music collective management organisations.
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.