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TOP 100 WEEKLY MARKETSHARE:
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PRS RATE HIKE SPARKS FURY
5/2/19

British PRO PRS for Music has announced an admin rate hike for royalty collections, igniting fury amongst the Featured Artists Coalition and the Music Managers Forum, who accuse the PRO of penalizing songwriters for its own business blunders.

From October’s distribution onward, fees charged on international collections will double for some of the biggest music markets, while Sweden and New Zealand will rise to 8% from 3%. For royalties collected by U.S. societies, the new rates are 2% (from 1%), and for societies where PRS collects more than £10m annually, the rates will be 4%. For all other markets, the fees are 8%. Admin rates on royalties earned from TV and radio have risen by 0.5%, while public performance rates are up 3%.

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