PRS for Music welcomes 2020 Global Collections Report published by CISAC
The report shows the impact of COVID-19, the actions of authors societies and the support needed from governments.
The findings of the CISAC Global Collections Report 2020 clearly illustrate the severe impact the pandemic has had on our industry. Though it is encouraging to see that global collections continued to rise in 2019, the devastating effect of coronavirus on the live sector and beyond mean that we must now adapt and innovate on behalf of music creators globally, to protect the value of their rights. Collectively we must embrace the challenges and opportunities of these times.
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