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 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.