PRS for Music has announced changes that could be controversial for labels and artists, through its PRS and MCPS collecting societies. PRS’ administration fee will rise by around one percentage point for distributions that take place from 1 October, with a further review next year. Meanwhile, MCPS’ commission rates for physical products for retail sale have been ‘increased to the maximum allowable under international agreements’ according to an email to members. Here’s the explanation: “Despite continued increases in royalty collections as a whole, collections from recorded media have, as in other countries, steadily fallen, while the growth in the digital market has not offset this decline,” explains the email. “Though we strive to keep costs as low as possible we are not able to reduce either total costs or those allocated to MCPS in the same proportion as MCPS’ royalty income is decreasing; without some changes, MCPS would face significant financial losses in 2012.”
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