PRS for Music payouts grew by 14.7% in 2017 to set new record

British collecting society PRS for Music is the latest PRO to publish impressive numbers for 2017. Its revenues were up by 12.7% year-on-year to £717m (just over $1bn) while its payouts to members grew by 14.7% to £605.1m ($848.3m) to set a new record. The figures included a 5.2% rise in international revenue generated by […]

After 2017 growth, Sacem boss talks YouTube, Facebook and blockchain

French collecting society Sacem has reported that in 2017, its collections from online surpassed those from physical music products for the first time. But both revenue sources are still behind that coming in from private-copying levies. Total collections for 2017 stood at €1.4bn, an increase of 3.2% from 2016. Of that, online made up €83.8m, […]

Facebook signs licensing deals with Sacem, Socan and Wixen

Facebook’s music-licensing efforts continue apace, with the announcement of three more deals this weekend. The social network now has agreements with French collecting society Sacem; Canadian PRO Socan; and music publisher Wixen Music Publishing. As with Facebook’s other recent deals, these are licensing agreements covering user-generated content across Facebook, Instagram, Facebook Messenger and Oculus VR. […]

PRS for Music CEO: ‘How to unlock rightsholders’ money around the world’

This guest column comes from Robert Ashcroft, CEO of PRS for Music: “The issues of data, value and protection for songwriters have never been so high on the agenda. In early 2016 I had a conversation with George Howard for a blog he was writing for Forbes about the biggest issue facing the industry in […]

YouTube music videos back online in Finland after blockage

YouTube and Finnish collecting society Teosto have resolved a situation that saw a number of music videos on the service blocked from being watched in Finland. The message shown to users pointed to Teosto as the cause, but this did not turn out to be a prolonged GEMA-style dispute between YouTube and the society. The […]

2017 was a billion-dollar distribution year for BMI

US performance-rights organisation BMI has announced a strong set of figures for its 2017 fiscal year, which ended recently. The company generated $1.13bn of revenues, distributing just over $1.02bn to songwriters, composers and publishers – up 10% year-on-year. BMI is hailing the results as “the most public performance revenue and highest royalty distributions of any […]

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