PRS for Music announces tariff review of festivals and concerts
Live music industry consultation launched by songwriter and composer organisation
PRS for Music has today announced that it will be running an eight week consultation on the terms of its Popular Music Concerts Tariff (‘Tariff LP’). The tariff is applied to ticketed live popular music events such as concerts and festivals.
The live music sector has changed dramatically since 1988, when the current tariff was set by the UK Copyright Tribunal. The purpose of this consultation process is to engage with our customers and members, to provide an open dialogue in reviewing PRS for Music’s Tariff LP. As a membership organisation, we have an obligation to ensure that our licensing is simple, efficient, fit for purpose - and recognises the valuable contribution our songwriters and publishers make to the live music industry.
The consultation has received support from industry representative bodies including the Music Publishers Association (MPA) and the British Academy of Songwriters, Composers and Authors (BASCA).
With the vast changes occurring within the live music sector, it is imperative that we continue to recognise and advocate the value of songwriting. As we represent the interests of music publishers and their writers, we believe this consultation conducted by PRS for Music is an important step in better understanding the current live music sector, and to ensure that our members are fully recognised for their work and contribution in this ever growing industry.
Being the voice for music writers we are very aware of every development throughout the music industry and how it impacts our members. It is apparent that the live music sector has grown immensely over the past 27 years and it is built on the foundation of the music our members write. It is vital that the value of a song is properly recognised. We therefore support PRS for Music in running this consultation, and encourage all relevant parties to express their views with open and transparent communication.
Notes to Editors:
About the Consultation
- The tariff is applied to ticketed live popular music events such as concerts and festivals performing songs composed by PRS for Music songwriters and composers. The tariff was originally set in 1988 and is 3% of gross box office receipts per event.
- A separate tariff, Tariff LC, that applies to live classical music concerts, is not in the scope of this consultation.
- The consultation ran for 8 weeks, with the deadline for responses by Monday 8 June. With effect from 1 June, the deadline has now been extended to 30 September 2015.
- Visit the live consultation page to find out more about the consultation process.
About PRS for Music
Here for music since 1914, PRS for Music is a world-leading music collective management organisation representing the rights of more than 175,000 talented songwriters, composers and music publishers. Redefining the global standard for music royalties, PRS for Music ensures songwriters and composers are paid whenever their musical compositions and songs are streamed, downloaded, broadcast, performed and played in public.
For 110 years it has grown and protected the rights of the music creator community, paying out royalties with more accuracy, transparency and speed. In 2023, PRS for Music paid out £943.6m in royalties and collected a record £1.08 billion in revenues. prsformusic.com
