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PRS For Music to review live royalties
By CMU Editorial | Published on Monday 14 June 2010
Collecting society PRS For Music has announced it will review the royalty rates it charges to gig and festival promoters, the fee the live sector must pay to the songwriters and publishers who own the songs performed at their events.
The rate is currently 3% of ticket receipts. The PRS statement announcing the review notes that this is lower than the rate charged by most other European collecting societies, and that it was set before the recent boom in the live music sector, which might suggest the PRS is looking to increase the figure. Though the collecting society also notes that some at the grass roots end of the live industry have argued there should be some sort of scaling in the royalties paid by promoters, so those staging smaller events pay less, and that is a proposal likely to be considered as part of the review.
PRS’s Executive Director of Licensing Jeremy Fabinyi told CMU: “As the organisation that represents the creators behind the music, it is right that we continually review our charges and approach, ensuring there is a fair balance between music users and creators. The live music industry has changed considerably in the last twenty years and this consultation will be open to everyone, to discuss the changes and whether the current tariff structure is relevant for today’s live scene in the UK”.
Promoters, trade bodies and rights holders are being invited to participate in the review. Interested parties will soon find more of that info stuff at this URL: www.prsformusic.com/customerconsultation
