PRS for Music reports record figures and 22.9% revenue growth in 2022

British collecting society PRS for Music has published its annual figures, reporting record-breaking revenues and distributions in 2022. The post PRS for Music reports record figures and 22.9% revenue growth in 2022 appeared first on Music Ally. Source: Music ally

PRS for Music agrees new funding deal with PRS Foundation

The news follows loud protests last year after PRS for Music announced plans to cut its annual funding for the foundation by 60%. The post PRS for Music agrees new funding deal with PRS Foundation appeared first on Music Ally. Source: Music ally

PRS for Music sues LIVENow over livestreaming licensing

When the Covid-19 pandemic hit, for many artists livestreaming was suddenly the only way they could connect with their audiences to perform. The post PRS for Music sues LIVENow over livestreaming licensing appeared first on Music Ally. Source: Music ally

MMF wants ‘greater transparency’ over black-box collections

That controversy within the UK music industry over funding for PRS Foundation isn’t going away. The post MMF wants ‘greater transparency’ over black-box collections appeared first on Music Ally. Source: Music ally

PRS for Music reveals that revenues grew by 22.4% in 2021

British collecting society PRS for Music has published its annual financial results, revealing that its revenues grew by 22.4% to £777.1m ($989.6m) in 2021. The post PRS for Music reveals that revenues grew by 22.4% in 2021 appeared first on Music Ally. Source: Music ally

FAC and MMF on livestreaming tariffs: ‘We need to talk!’

This guest column is by David Martin, CEO at the Featured Artists Coalition, and Annabella Coldrick, CEO at the Music Managers Forum: Whether it’s COVID 19, Brexit, the yearning for live shows and international touring, the economics of streaming, or the constant battle against inequalities, there’s a lot going on in the music industry right […]

Major labels gave evidence to the UK’s music streaming economics inquiry… so what did we learn?

It’s actually pretty rare to get genuine smoking-gun ‘gotchas’ from political inquiries in the moment. When they work well, it’s more about patient, forensic questioning that elicits genuinely enlightening answers – and sometimes quotes that later come back to haunt the speaker. Did we get that from this morning’s sessions at the UK parliamentary inquiry into […]

PRS for Music and Qatar Airways case to be heard in England

UK collecting society PRS for Music is suing airline Qatar Airways for copyright infringement, and the case will be heard in the English courts – an early boost for the society. “The airline, which operates over 200,000 flights per year, and offers music as an integral part of its in-flight service with up to 4,000 entertainment […]

PRS for Music warns of royalties hit to come from Covid-19

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 […]

Music licensing: the basics that tech startups need to know

If a music-tech startup’s product or service involves making the actual music available, that company will need licences for the music. Understanding how licensing works is one of the first and most important things that these startups need to understand. At its simplest level, that also means understanding whether you need to be talking to […]

Today’s positive coronavirus-related industry news (21 April)

Spotify has added more partners to its Covid-19 Music Relief project. Having started with donations to MusiCares, PRS Foundation and Help Musicians, it is now also donating to funds and charities in France, Germany, Ireland, Sweden, Australia, Brazil and Canada. Meanwhile, David Guetta’s livestreamed concert at the weekend generated 9m views on Facebook and nearly […]

Music streaming services support International Women’s Day

This Sunday (8 March) is International Women’s Day, and as has become traditional, the big music streaming services are all celebrating the occasion. Spotify will be launching a new ‘Women’s History Month’ hub on Sunday, with all-women playlists and podcasts, as well as IWD-themed takeovers of some of its popular playlists. Apple is hosting a […]

TikTok issues statement on its UK Copyright Tribunal music-licensing referral

Yesterday, Music Ally broke the news that social app TikTok has referred three collecting societies – PRS for Music, STIM and GEMA – and their joint-venture licensing hub ICE to the UK’s Copyright Tribunal, in a dispute over music-licensing terms. ICE issued a statement yesterday on the case, but this morning TikTok has also sent […]

TikTok takes on collecting societies at UK Copyright Tribunal

Social app TikTok is set for a battle with three European collecting societies and their joint venture, via the medium of the UK’s Copyright Tribunal. That’s the body that resolves copyright-related commercial-licensing disputes in the UK. Copyright Tribunal Ref 132/19 will be of intense interest to the music industry, then. “Notice is hereby given of a reference […]

PRS for Music boss Robert Ashcroft talks growth, YouTube and Fortnite

“Maybe what I’ll say is this: I’ve done 10 years of this. I’m going to let someone else take on the internecine warfare that seems to be endemic to the music industry!” Even when he’s playing a straight bat to a sensitive question – in this case, one about whether songwriters deserve a bigger slice of […]

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