PRS FOUNDATION CUTS PROTESTED
More than 50 arts and music organizations are asking PRS for Music to reconsider proposed 60% cuts to its PRS Foundation talent-development program.
In an open letter, the group wrote, “PRS for Music’s track record and the music industry itself will be damaged for the foreseeable future if its unprecedented cutback of foundation funding is enacted. We stand together to urge PRS for music to halt its proposed cuts to the PRS Foundation and reverse a decision that could set the fragile post-COVID music economy back decades.”
The group noted that the PRS Foundation, the U.K.'s leading charitable funder of new music and talent development, has backed nearly 500 new-music initiatives. Sam Fender, Dave, Glass Animals and Little Simz are among the acts that have benefited from the foundation.
“With 60% less investment, there will be 60% fewer successes,” reads the letter, part of the #HALTCUTSTOPRSF campaign led by Punch Records CEO Ammo Talwar (pictured). “We do not believe a drastic rollback to 2000 levels of investment is fair, reasonable or even justifiable.”
The #HALTCUTSTOPRSF letter can be read in its entirety here.
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