PRS SCORES A RECORD YEAR

Follow @hitsdd

rumor mail

Email

First Name

Last Name

Company

Country

By clicking submit you are agreeing
to Terms and Conditions

		MUSIC'S MOST BEWILDERING NIGHT Gauchos got what they'd long deserved, 20 years too late. (12/30a) Check It Out Now TRUMP ASKS SCOTUS TO PAUSE TIKTOK BAN A highly unlikely prospective hero (12/28a) Check It Out Now TOP 50: A LITTLE SZA, A WHOLE LOTTA CHRISTMAS We won't have to hear "The Little Drummer Boy" again for 10 months. (12/27a) Check It Out Now PHOTO GALLERY: PICS OF THE WEEK OF THE YEAR (PART TWO) More weasel photo ops (12/30a) Check It Out Now TOP 50: A LITTLE SZA, A WHOLE LOTTA CHRISTMAS The final album chart of the year (12/27a) Check It Out Now
		NOW WHAT? We have no fucking idea. COUNTRY'S NEWEST DISRUPTOR Three chords and some truth you may not be ready for. AI IS ALREADY EATING YOUR LUNCH The kids can tell the difference... for now. WHO'S BUYING THE DRINKS? That's what we'd like to know.

Blighty Beat

PRS SCORES A RECORD YEAR

4/25/23

U.K. PRO PRS for Music collected a record £964m in 2022, a year-on-year increase of 22.9%. The figure is also up 18.9% on the previous high achieved pre-pandemic.

Last year, PRS paid out £836.2m royalties to its 165k writers, composers and music publishers globally. The distribution is up 23.5% over 2021’s £159m.

Music streaming counted for 85% of overall online royalties at £284.3m, rising 25% year-on-year. Royalties from music downloads fell 75% to £600k.

Live music counted for £62.7m of royalties, up 683% on 2021 when the live business was struck down by COVID-19. It’s a rise of 16% from 2019.

Overall revenues from public performance represented the largest year-on-year increase in 2022, up 66.4% to £228.9m.

The results are a result of “ambitious licensing strategy and utilizing our joint ventures,” PRS for Music CEO Andrea Czapary Martin said. “Our investment in new technologies and services means we can pay out royalties more quickly and accurately, delivering the best possible service to members at a market leading low cost-to-income ratio.”