26 August 2008
OVERSEAS PERFORMANCE REVENUES TO SURPASS PHYSICAL PRODUCT IN 2008
The Performing Right Society has forecast that 2008 will see UK songwriters earn more from their music being broadcast or performed overseas than they do from UK Physical Product including CD sales for the first time.
- PRS mid-year results show that £58.6m was collected from overseas to be paid UK songwriters so far in 2008
- Vital source of income - in 2007 PRS collected over £121m for its songwriter members from overseas
- PRS collects money from bars, hotels, TV, cinemas, websites and live concerts in over 170 countries, from the Ascension Islands to Zambia
- Top countries for UK music in the first half of 2008 were the USA, Germany, France and Japan
International 2008 mid- year results
| Usage of music overseas |
58.6 |
51.2 |
14 |
121.2 |
| TV |
36 |
| Radio |
34 |
| Pubs, clubs, hotels, restaurants |
16 |
| Live |
12 |
| Cable and satellite |
10 |
| Misc (Interest, money in transit, etc) |
5 |
| Cinema |
1 |
| Online |
1 |
| Other |
6 |
| USA |
11 |
| Germany |
7 |
| France |
5 |
| Japan |
4 |
Source: MCPS-PRS Alliance
Karen Buse, Managing Director of International at the Alliance, said: ‘UK music consumption abroad continues to grow which is great news for PRS members who, as the creators of music, are the lifeblood of our music industry’.
Notes for editors:
PRS creates a future for music. As a not-for-profit membership society, PRS ensures composers, songwriters and music publishers are paid royalties whenever their music is used. www.mcps-prs-alliance.co.uk
Contact:
PRS: Catherine George 07852 498 878