PRS for Music has announced a record-breaking £211m royalty distribution to members, marking the highest ever payment in its 108-year history. The total distribution figure is an 18 percent year-over-year increase on October 2021, with live and public performance royalties up 210 percent on 2021.
The live and public performance distribution includes all remaining royalties held for adjustment during the interruption to licensing during the pandemic. Royalties for music played overseas, including cable retransmission, saw a 2.5 percent increase against the same period in 2021. The boost further reinforces the international value of members’ works, and the work of the PRS international team in identifying usage.
Andrea Czapary Martin, CEO, PRS for Music, says, ‘The record payment of royalties by PRS for Music reflects our relentless focus on maximising the value of members’ rights. Ensuring members are paid quickly and accurately is at the heart of everything we do.’
Over 160,000 songwriters, composers and music publishers are represented by PRS for Music, with royalties paid to PRS members when their music is streamed, downloaded, broadcast, performed live and played in public.
