PRS for Music supports This is Music 2022 report

Collective voice of the UK music industry publishes its annual report today (22 September), which reveals how the sector began to recover from the initial impact of the pandemic.

We support UK Music and its recommendations and call on the UK government to invest in the five-step plan. This includes setting a gold standard in intellectual property protection and reducing red tape for EU touring, to ensure the UK retains its position as a leader across all sectors of the music market.

  

The UK is the second-largest exporter of music in the world however the global market for music is becoming far more competitive than ever before. Although this recent report highlights publishing-related income in 2021 as showing strong growth with substantial increases in streaming revenues, we must continue to work together to grow, nurture, protect and support songwriters, composers and rights owners alike, in order to maintain a sustainable future across this important sector of our UK economy.

 

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