PRS for Music supports This is Music 2021 report
UK Music today (19 October) unveiled its This Is Music 2021 annual report. It reveals the devastating impact of COVID-19, which wiped out 69,000 jobs - one in three of the total workforce.
This Is Music 2021 clearly highlights the devastating effect of COVID-19 across the UK music industry landscape. The songwriter, composer and publisher community has shown great strength and resilience during the last 20 months, even as many of their sources of income declined or ceased entirely. Indeed for many the income from their rights was their only source of income, reinforcing again the necessity of a strong copyright framework. Despite the obvious challenges of the pandemic on the foundations of our industry, the creativity and brilliance of our music creators remains one of our greatest national assets.
We welcome UK Music’s report and call on the Government to support our industry in its recovery, through financial incentives but also providing much needed certainty for our artists wishing to tour in the EU. As a global leader in the music industry we must continue to foster and support the creativity and innovation of our creator community, as they are drivers of our economic and cultural success. Let us never take this for granted.
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