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AAA
THE BIG
NUMBERS
ACCESS ALL AREAS
FROM TWENTY FOURTEEN
BEHIND THE SCENES AT PRS FOR MUSIC
OUR ROYALTY REVENUES FOR 2O14 WERE
STORY OF A SONG - FUELLING CREATIVITY
WRITE / COMPOSE /
RECORD SONG
PUBLISHER / LABEL / SELF
REGISTER YOUR WORK
USAGE DATA FROM
LICENSEES
BROADCAST /
PLAYED LIVE / SYNC
DOWNLOAD / STREAM /
PHYSICAL
ROYALTIES PAID
TO SONGWRITER /
COMPOSER / PUBLISHER
WE CALCULATE
ROYALTIES
WRITE / COMPOSE /
RECORD SONG
£
THE BUSINESS
WHERE THE MONEY COMES FROM
online
recorded media
broadcast
12%
10%
international
public performance
25%
28%
25%
INTERNATIONAL
OUR BIGGEST SOURCE OF REVENUE,
WITH £188.2M COLLECTED IN 2014.
THE BREAKDOWN
INTERNATIONAL
£188.2m
europe £114.6m
north america
£34.9m
asia pacific
£20.3m
emerging markets
cruise lines
agencies / other
£10.3m
£3.7m
£4.1m
PUBLIC PERFORMANCE
£168.3m
£27.1M
£37.4M
£18.8M
£21.3M
pubs &
clubs
hotels &
restaurants
live
£9.1M
£35M
cinemas
other
£19.6M
industrial
premises
shops
BROADCAST
£165.0m
In 2014 revenue generated by the use
of music in tv and radio was £165m,
an increase of 2.9% on 2013.
£116mM
£116
ONLINE
£49 m
£79.7m
Consumers shifted away from
downloads to streaming in 2014,
bringing increased royalties from major
streaming services. PRS for Music
received data for a record 975 billion
individual music uses - overwhelmingly
associated with streaming services.
£26.7m
£38.8m
RECORDED MEDIA
£63.1m
The recorded media market generated
revenues of £63.1m, down 21.8% from
2013, as consumers switched away from
physical products to online music services.
IN
FOCUS
ALIVE AND SPINNING - THE RESURGENCE OF VINYL
2O14 SAW
VINYL LPS
7” SINGLES SALES
65% RISE
IN 2O14
1.2 MILLION
JUMPED 9.6%
SALES ROSE
VINYL ALBUMS SOLD IN THE UK
IN 2O14
FO R
THE
F I RST
TIME
SINCE
1996
Source: Official Charts Company
IN
FOCUS
GOING UP STREAM - THE RISE OF STREAMING
IN 2014 WE RECEIVED
975 BILLION
INDIVIDUAL PLAYS
THAT’S ALMOST FIVE TIMES THE NUMBER IN 2O13
975
BILLION
P L AY S
2O13
2O14
HAPPY
MOST DOWNLOADED
DAFT PUNK - GET LUCKY
MOST STREAMED
MOST DOWNLOADED
PHARRELL WILLIAMS - HAPPY
1,4OO,OOO+
1,855,383
D O W N LOA D S
D O W N LOA D S
CLEAN BANDIT
RATHER BE
39,719,O53
STREAMS
TOP 3 STREAMED ARTISTS
Source: Official Charts Company
2O14
ED SHEERAN
SAM SMITH
ARCTIC MONKEYS
219.4M
105.4M
102.5M
PLAYS
PLAYS
PLAYS
BEST OF BRITISH
Seven out of the top 10 streamed artists in the UK were British;
Eminem, Beyoncé and Katy Perry were the only international
artists to feature.
2O14
WAS THE YEAR
STREAMING
REALLY TOOK OFF
IT WAS INTRODUCED INTO
THE CHARTS IN MARCH 2O15
IN
FOCUS
DRIVING EFFICIENCIES - GOING THE EXTRA MILE
11p
UNDER THE BONNET
With a cost to income ratio of
11.4%, PRS for Music is one of
the most efficient collecting
societies in the world.
That’s equivalent to 11p
from every pound
Striving to distribute
more to our members
Other collecting societies take
a higher administration rate
IN
FOCUS
BIG DATA - INNOVATION AND TRANSPARENCY
PRS FOR MUSIC HAS GONE FROM PROCESSING
MILLIONS, TO BILLIONS AND IN THE NEAR
FUTURE... TRILLIONS OF USES.
With ever increasing data
volumes we pride ourselves
on our levels of transparency.
In collaboration with industry
partners we are leading the
drive for increased levels of
songwriter and composer
metadata.
Millions
BILLIONS
TRILLIONS
OUR MEMBERS
WE ARE A SOCIETY OF
OVER 111,OOO
SONGWRITERS, COMPOSERS AND MUSIC PUBLISHERS
I N OTHER WO RDS
O U R M E M B E RS CO U L D F I L L LO N D O N ’S O 2 A R E N A
FIVE TIMES
T H AT ’ S O V E R 1 O O Y E A R S O F M U S I C P L AY E D B A C K TO B A C K
WE HAVE
OVER 1OO
THE UK IS ONE OF ONLY
WITH
G L O B A L LY
THREE COUNTRIES
AGREEMENTS
A F F I L I AT E D
COLLECTING
SOCIETIES IN
WHICH ARE A
NET EXPORTER
OF MUSIC
15O COUNTRIES
A LO N G S I D E
S W E D E N
AND THE US
WHO WE LICENSE
OUR CUSTOMERS – A PASSION FOR MUSIC
EACH YEAR WE LICENSE AROUND
35O,OOO
B
U
S
I
N
E
S
S
P R E M I S E S I N C LU D I N G
45O TELEVISION CHANNELS
6OO RADIO STATIONS
BUSINESSES WE
LICENSE
PUBS
HAIRDRESSERS / BEAUTICIANS
RESTAURANTS / CAFES
= 10 Television channels
= 10 Radio stations
HOSPITALS
We provide businesses and other organisations with
access to the world’s music, from the largest media
corporation or retail chain to the most intimate live
performance space.
PRS FOR MUSIC FOUNDATION
W E
D O N AT E D
£1.5 MILLION
TO THE CHARITY IN 2O14
PRS for Music Foundation’s
Momentum Music Fund in its
first two years funded 46 new
albums and over 50 UK tours
WE ARE THE
LARGEST FUNDER OF NEW MUSIC
IN THE UK THROUGH OUR CHARITY
PRS FOR MUSIC FOUNDATION
SINCE 2OOO
PRS FOR MUSIC FOUNDATION
HAS GIVEN MORE THAN
IT SUPPORTS A RANGE OF
PROJECTS, BAND SHOWCASES,
U K TO U RS , F E ST I VA L S ,
COMPOSER RESIDENCIES, &
PROFESSIONAL DEVELOPMENT
£2O MILLION
TO OVER
5,OOO NEW MUSIC INITIATIVES
IN 2O14 HAVE BEEN SUPPORTED BY
5O UK TOURS
WOMEN MAKE MUSIC
THE FOUNDATION’S WOMEN
MAKE MUSIC FUND WAS SET UP TO
RESPOND TO THE STATISTIC THAT
ONLY 13%** OF PRS MEMBERSHIP
ARE FEMALE. 86% OF APPLICANTS
TO WOMEN MAKE MUSIC ARE FIRST
TIME APPLICANTS TO PRS FOR
MUSIC FOUNDATION.
** 2013 Figure
PRS FOR MUSIC
MEMBERS
BENEVOLENT
FUND
OVER THE LAST 1O YEARS
46 NEW ALBUMS
The PRS for Music Members Benevolent Fund was
formed in 1934 to support songwriters and composers
during the Great Depression. Over 80 years later it
continues to be there for PRS for Music members and
their dependants in times of crisis.
HELP FROM THE FUND INCLUDES
TOTAL CHARITABLE INCOME
£4.8M
£4.25M
Loans for essential house
maintenance and repair
Winter heating
Sheltered housing
PAID OUT IN
GRANTS AND LOANS
Specialist medical
advice via BAPAM
Debt management
84
LEGACIES JRR TOLKIEN MARC BOLAN ERIC COATES LYNSEY DE PAUL
INCLUDING THOSE FROM
THE FUND CURRENTLY HAS
Version: October 2015
prsformusic.com
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