PRS for Music supports This is Music 2022 report
Collective voice of the UK music industry publishes its annual report today (22 September), which reveals how the sector began to recover from the initial impact of the pandemic.
We support UK Music and its recommendations and call on the UK government to invest in the five-step plan. This includes setting a gold standard in intellectual property protection and reducing red tape for EU touring, to ensure the UK retains its position as a leader across all sectors of the music market.
The UK is the second-largest exporter of music in the world however the global market for music is becoming far more competitive than ever before. Although this recent report highlights publishing-related income in 2021 as showing strong growth with substantial increases in streaming revenues, we must continue to work together to grow, nurture, protect and support songwriters, composers and rights owners alike, in order to maintain a sustainable future across this important sector of our UK economy.
About PRS for MusicPRS 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.