PRS for Music supports Music By Numbers 2020 report

The annual economic study by UK Music and its members shows that the UK music industry continued to grow in 2019 across every sector before the COVID-19 enforced shutdown hit in early 2020.

At full power, the UK music industry is a true economic, social and creative force. The report clearly evidences this, showcasing the vital contribution of this country’s diverse songwriters, composers and music publishers to our economy and its impact globally.

A world-leading music industry with a decade of sustained growth doesn't happen by accident. COVID-19 has now shaken that industry to its core and we urge the government to continue supporting music creators nationwide, investing in one of the UK’s most successful creative exports.

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