PRS for Music supports This is Music 2021 report

UK Music today (19 October) unveiled its This Is Music 2021 annual report. It reveals the devastating impact of COVID-19, which wiped out 69,000 jobs - one in three of the total workforce.

This Is Music 2021 clearly highlights the devastating effect of COVID-19 across the UK music industry landscape. The songwriter, composer and publisher community has shown great strength and resilience during the last 20 months, even as many of their sources of income declined or ceased entirely. Indeed for many the income from their rights was their only source of income, reinforcing again the necessity of a strong copyright framework. Despite the obvious challenges of the pandemic on the foundations of our industry, the creativity and brilliance of our music creators remains one of our greatest national assets.

We welcome UK Music’s report and call on the Government to support our industry in its recovery, through financial incentives but also providing much needed certainty for our artists wishing to tour in the EU. As a global leader in the music industry we must continue to foster and support the creativity and innovation of our creator community, as they are drivers of our economic and cultural success. Let us never take this for granted.

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