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Introduction

UK authors’ society PRS for Music has reported a record year for performance royalty collections. However, in contrast to 2017, when all the main income sources registered growth, only international and digital receipts were up in 2018.

Highlights

  • Restructuring and higher commission payments related to the uplift in online revenue pushed costs up, but the cost-to-income ratio remained one of the lowest of all collection societies in Europe.

Features and Benefits

  • Details the 2018 collection and distribution results for UK authors' society PRS for Music.
  • Examines receipts by source and explains the reasons for the rise and fall of the main collections sectors.

Key questions answered

  • What share of domestic performance royalties were generated by digital sources in 2018?
  • What caused TV collections to decrease last year?

Table of contents

Ovum view

  • Summary
  • Increase in collections for PRS at home and abroad
  • Mixed year for the three major domestic sectors
  • Recorded-music consumption shift boosts digital revenue

Appendix

  • Author

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