PRS for Music announces highest payment to members in 108-year history

£211m royalty distribution to members represents a 18% year-over-year increase of £32.5 million

6th October 2022, London, England – PRS for Music has today announced a record-breaking £211m royalty distribution to members, marking the highest ever payment in its 108-year history, and a 18% year-over-year increase on October 2021.  

The record payment of royalties by PRS for Music reflects our relentless focus on maximising the value of members’ rights. Ensuring members are paid as quickly and accurately is at the heart of everything we do

Live and public performance royalties were up 210% on 2021, and includes all remaining royalties held for adjustment during the interruption to licensing during the pandemic.   Music played overseas, including cable retransmission were up 2.5% against the same period in 2021.  Further reinforcing the international value of members’ works and the diligent work of the PRS international team in identifying usage.   

Over 160,000 songwriters, composers and music publishers in the UK and worldwide are represented by PRS for Music, with royalties paid to PRS members when their music is streamed, downloaded, broadcast, performed live and played in public.

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