PRS for Music warns of royalties hit to come from Covid-19
Posted on: 15 juillet 2020, by : Stuart Dredge

British collecting society PRS for Music has offered another warning that the Covid-19 pandemic will be delivering its biggest hit to songwriter royalties later this year.
PRS has just paid out its July 2020 distribution, £132.4m, which was up by 3% year-on-year. However, CEO Andrea Martin warned the society’s members that there are tough times ahead.
“As this distribution covers revenue collected mostly prior to Covid-19, we are only just starting to see the impact of the pandemic on royalty payments in July’s distribution. This will mean a further reduction in the royalties usually seen from Live, Public Performance, Commercial Radio, and International from October 2020 onwards,” she said in a statement.
The post PRS for Music warns of royalties hit to come from Covid-19 appeared first on Music Ally.
Source: Music ally

Related Posts

Aller à la barre d’outils