PRS for Music welcomes the DCMS Committee's report into the economics of music streaming

We welcome the DCMS Committee’s report into music streaming. The Committee’s inquiry has provoked a wide and public debate on what songwriters, composers, and publishers have long understood - the value of the streaming market is not being fully realised.  This report is clear in its recognition of the importance of music creators and PRS for Music is committed to growing and protecting the rights entrusted to us, ensuring the value of our members’ work is properly reflected in the royalties they receive.  We will be working actively with the government as it considers its response to today’s report promoting positive solutions to the issues raised.   

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