PRS for Music has announced that its members will be paid their share of a record distribution of £117 million for the first quarter of this year, based on analysis of 19.7 million performances of more than 743,000 individual works. UK royalties account for 65% of that, with the rest coming from international markets. Google announced that it was pulling premium music videos from YouTube UK on 9 March during fraught negotiations with PRS for Music, so the payout would presumably have been higher otherwise. In its announcement of the Q1 payout, PRS for Music says that talks between it and Google/YouTube “are yet to reach a satisfactory conclusion”.
£117m PRS payout to British songwriters
This Music Ally article is available to everyone
As a full subscriber to Music Ally, you get access to our Article and Data archives going back to 2002, as well as all issues of the Insight Report and Sandbox
April 20th, 2009 by Music Ally
