2018
2018 was another record year for PRS. We achieved royalty income of £746.0m which, on a constant currency basis, represents 4.4% growth over 2017, an additional £31.6m.
After costs and other income our net distributable revenue was £648.4m, a 3.3% increase on the previous year. In 2018, a total of £603.6m was distributed to songwriter, composer and music publisher members, a decrease of 0.2% on 2017. This slight reduction was caused by processing delays at our joint venture partners, but still represents the second largest distribution in our history.
We experienced another significant increase in music usage data, with 11.2 trillion performances of music reported to us last year, which is up from 6.6 trillion in 2017.
£million |
2018 |
2017 |
% |
|---|---|---|---|
280.6 |
261.4 |
9.1 |
|
192 |
198.1 |
-3.1 |
|
127.7 |
134.6 |
-5.1 |
|
145.7 |
122.9 |
17 |
|
Total revenue on a constant currency basis |
746.0 |
717.0 |
4.4 |
