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PRS for Music - the industry body that collects and distributes royalties - said there had been a record increase of 113.8 per cent in revenue from the music that is played for workers in warehouses.
Royalty collection society PRS For Music has announced a £13.4 million year-on-year rise in payouts for its members, describing the money as “more than a lifeline” during the pandemic. The body, which represents more than 155,500 songwriters, composers and music publishers, pays out royalties when their music is streamed, downloaded, broadcast or played in public. In 2020 it distributed a record £699.4 million to its members – a year-on-year increase of 2%. Live performance was effectively halted for much of 2020 (Ben Birchall/PA) Chief executive Andrea C Martin said it had been more ...
Record royalties for musicians despite loss of pubs and TV The increase last year was driven by growth in online revenues from platforms like Netflix and Spotify Sign up When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice. Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice The cancellations of live events and the TV and film industry also shutting down has left many music professionals facing the possibility of sustained financial hardship. But leading performanc...