PRS for Music processed data from over four trillion music performances in 2016, according to new distribution data figures.
The collecting society saw an 80 percent increase in the amount of music usage data processed during 2016 compared to just under 2.4 trillion in 2015.
PRS for Music is investing heavily in technology and more efficient data processing methods to meet the demands of the digital era, paying 33 percent more members in 2016 than in the previous year.
Graham Davies, PRS for Music director of strategy, said: ‘Our strength in handling massive data volumes means we can increase the number of songs and compositions we pay.
'Last year we paid over four million musical works which was a 45 percent increase on 2015. This has been possible because of our strategy: investing in technology, establishing shared industry platforms such as ICE, and improving data quality.'
He continued: ‘We are committed to pushing further and further into the ‘long-tail’ of lower value performance to maximise payments to all our members. These results demonstrate our efforts are paying off.’
This latest news follows PRS for Music’s recent PRS Explores: Big Data event, which took place on Wednesday 1 February at the company’s Kings Cross headquarters. Speakers included Matt Fenby-Taylor (SoundCloud), Yuri Dokter (DJ Monitor), Mark Vermaat (Soundmouse) and Helienne Lindvall (Auddly), Mark Isherwood, (Rightscom), Pete Bradbury (SKY), and Matt Phipps-Taylor (PPL).
Read our news items from the event exploring why good data can be an 'income ticket' for songwriters and how poor data is an industry-wide problem that needs to be solved sooner rather than later.
The collecting society saw an 80 percent increase in the amount of music usage data processed during 2016 compared to just under 2.4 trillion in 2015.
PRS for Music is investing heavily in technology and more efficient data processing methods to meet the demands of the digital era, paying 33 percent more members in 2016 than in the previous year.
Graham Davies, PRS for Music director of strategy, said: ‘Our strength in handling massive data volumes means we can increase the number of songs and compositions we pay.
'Last year we paid over four million musical works which was a 45 percent increase on 2015. This has been possible because of our strategy: investing in technology, establishing shared industry platforms such as ICE, and improving data quality.'
He continued: ‘We are committed to pushing further and further into the ‘long-tail’ of lower value performance to maximise payments to all our members. These results demonstrate our efforts are paying off.’
This latest news follows PRS for Music’s recent PRS Explores: Big Data event, which took place on Wednesday 1 February at the company’s Kings Cross headquarters. Speakers included Matt Fenby-Taylor (SoundCloud), Yuri Dokter (DJ Monitor), Mark Vermaat (Soundmouse) and Helienne Lindvall (Auddly), Mark Isherwood, (Rightscom), Pete Bradbury (SKY), and Matt Phipps-Taylor (PPL).
Read our news items from the event exploring why good data can be an 'income ticket' for songwriters and how poor data is an industry-wide problem that needs to be solved sooner rather than later.
