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 rise in payouts to songwriters, composers and publishers, while the revenues collected by PRS for Music grew by 10.1% to £621.5m in 2016. Income from online platforms grew by 89.9% to £80.5m as part of that.
According to PRS, it paid out to 33% more members in 2016 than the previous year, while the number of unique musical works earning money rose by 45% to 4.2m. The society received data on more than 4.3tn (trillion) uses of music, which it notes has grown from 126bn in 2012.
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