THE BIG NUMBERS
Dream Wife performing at PRS Presents 2017
ANOTHER RECORD YEAR
FINANCIAL PERFORMANCE REFLECTS THE ENDURING POPULARITY OF PRS MEMBERS’ MUSIC
14.7% £605.1M INCREASE ON 2016 Paid out in royalties to songwriters, composers and music publishers.
M 12.7% £717.0 INCREASE ON 2016 Year-on-year revenue growth represents another high-water mark.
OUR TRACK RECORD
£510.8M £513.5M £537.4M £621.5M £717.0M
2013 2014 2015 2016 2017
PRS ROYALTY REVENUE 2013 - 2017
THE BUSINESS Elf Kid performing at PRS Presents WHERE THE MONEY COMES FROM
STRONG GROWTH ACROSS ALL REVENUE AREAS IN 2017
£107M BROADCAST INTERNATIONAL PUBLIC PERFORMANCE ONLINE £134.6M £261.4M £198.1M £122.9M
8.5%* 5.2%* 8.1%* 52.7%*
*INCREASE ON 2016 - ALL FIGURES ON A CONSTANT CURRENCY BASIS
HOW THE NUMBERS BREAK DOWN
BROADCAST 19%
INTERNATIONAL 36%
PUBLIC PERFORMANCE 28%
ONLINE 17%
INTERNATIONAL £261.4M
EUROPE - £155.4M
NORTH AMERICA - £55.0M
ASIA PACIFIC - £28.5M
LATIN AMERICA - £9.3M
CRUISE LINES & AGENCIES - £9.7M
OTHER - £3.5M
PUBLIC PERFORMANCE £198.1M
PUBS & CLUBS - £46.9M
LIVE - £34.5M
HOTELS & RESTAURANTS - £26.0M
INDUSTRIAL PREMISES - £23.9M
SHOPS - £21.1M
CINEMAS - £8.5M OTHER - £37.2M
BROADCAST £134.6M
TV £84.8M
RADIO £49.8M
ONLINE £122.9M
VIDEO-ON-DEMAND £13.8M
STREAMING £103.7M
DOWNLOADS £5.4M
BIG DATA
USES OF MUSIC REPORTED TO PRS
2013 136bn
2014 975bn
2015 2.5tn
2016 4.3tn
2017 6.6tn
INVESTING IN THE FUTURE
2017 was another record breaking year, seeing our total revenue surpass the £700m mark.
This growth is in part due to our long-term strategy of investing in partnerships, technology and data solutions in order to deliver the best service to our members.
INNOVATIVE CHAMPIONING OUR PROGRESSIVE DATA SOLUTIONS MEMBERS’ RIGHTS PARTNERSHIPS
= MORE ROYALTIES FOR OUR MEMBERS
OUR MEMBERS WHO WE REPRESENT
Music wouldn’t exist without the work of songwriters, composers and publishers. We’re here to represent them and ensure that they are rewarded for their creations.
Our members consist of over
K 130songwriters, composers and music publishers
Marika Hackman performing at PRS Presents at Hackman performing Marika BY GENDER
of our writer members 17% identify as female
of our writer members 83% identify as male
2017 NEW MEMBERS BY GENDER
22% 41% 78% of our new writer of new members of our new writer members for under the age of 20 members for 2017 identify as identify as female 2017 identify as female male
EDUCATION Engaged over Across 24,000 70+ & OUTREACH people in 2017 towns and cities
Hosted Presented at over Attended over 13 100 70 regional ‘How To’ universities, colleges and industry events member seminars partner organisations
OUR REPERTOIRE We are proud to represent some of the very best talent in the world.
Over 24.7M musical works
TO HOLD THIS MANY MUSICAL WORKS YOU’D NEED:
2,460,000 6,175 1,697 LP vinyl records 16GB iPods 64GB smartphones
OUR CUSTOMERS
We provide businesses and other organisations, from We licensed around the largest media corporation or retail chain to the most intimate live performance space, with access to music from all around the world. 362,100 business premises of all types
INCLUDING...
37,353 89,550 783 38,092 22,207 Salons Shops Amusement Pubs Restaurants arcades
14,501 128 490 29,980 712 Doctors / Airports Museums Offices Veterinary dentists surgeons
AS WELL AS...
1,6OO 528 790 Online services Television channels Radio stations
MERCURY PRIZE WINNERS
We are the UK’s leading funder of new music and talent development through our charity PRS Foundation.
PRS Foundation supports a range of initiatives from international showcases, commissions, UK tours and festivals, to composer residencies & IDLES performing at PRS Presents at IDLES performing professional development.
SINCE 2000
over over 6,300 £29.5m new music initiatives given out in grants supported
IN 2017 561 40% 22% new music initiatives funded of music creators supported of grantees won major music were BAME industry awards including... 9 British Composer Awards 53% 87% 3 Jazz FM Awards of music creator grantees of grantees nominated for major MOBO Awards were sole female artists or music industry awards including the 2 mixed groups Mercury Prize and 1 Oscar 1 BBC Radio Folk Award
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 a dedicated support network for PRS for Music members and their dependants in times of crisis.’
OVER THE LAST 10 YEARS £5.99m £4.96m total charitable income paid out in grants and loans
HELP FROM THE FUND INCLUDES
Mental health Specialist Career Cash grants Sheltered support health referrals counselling for immediate housing via BAPAM needs
Basis of preparation The figures presented above are for the Performing Right Society Limited (PRS). PRS for Music is the brand name used by the Performing Right Society and its operating company PRS for Music Limited (formerly the MCPS-PRS Alliance Limited).
Version: May 2017
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