Tag: robert ashcroft

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PRS for Music paid out £527.6m to members in 2016

UK collecting society PRS for Music has announced record figures for 2016, including payouts of £527.6m to its members – the first time it’s surpassed the half-a-billion milestone. That represented an 11.1% year-on-year...
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PRS for Music publishes its financial results for 2015

PRS for Music announced its financial results for 2015 in early May, but now the official filings have emerged through Companies House in the UK. They confirm the topline figures already revealed – revenues up 4.7% year-on-year...
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PRS for Music chief talks financials, blockchain and YouTube

British collecting society PRS for Music has announced its 2015 financial results, reporting record royalties revenue of £537.4m, up 4.7% year-on-year. The society’s costs increased by 17.7% to £67.8m, but that still...
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PRS for Music launches pro-creator Streamfair campaign

Collecting society PRS for Music is stepping up its activism in the streaming music space, while reminding the industry that its royalties from streaming in the last year overtook downloads with £38.8m and £26.7m respectively....
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PRS for Music, STIM and GEMA cleared to launch licensing hub

Three of the key collecting societies in Europe have been cleared to continue their plans to create a pan-European licensing and processing hub, following an investigation by the European Commission. PRS for Music, STIM and...
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PRS for Music’s online income overtook recorded media in 2014

British collecting society PRS for Music says its latest financial results “maintains year-on-year growth”, with combined royalty income for PRS and MCPS of £664.3m – up 1% year-on-year “on a constant currency basis”....