Author(s): PRS for Music
Publisher: PRS for Music
Date: April 2014
PRS for Music’s 2013 financial results briefing paper showed that the collection society achieved an income of £665.7m, a 3.7% increase on 2012.
Royalties from UK public performance
Revenue from the pub sector has grown after a number of challenging years. Increase in the number of pubs and more music usage, contributed to 2.1% growth.
After a dip in 2012, live music recovered after the return of Glastonbury and the full availability of certain venues which had previously been deployed as Olympic venues. Concerts by The Rolling Stones, Bruce Springsteen, Madonna and Andre Rieu also contributed to revenues of £25.7m.
The exceptional success of the 23rd James Bond film, Skyfall, contributed to 9.3% growth in income from cinemas. (Cinema royalties recognised in 2013 from the 2012 box office.)
‘Other’ included one-off income associated with London 2012. It also includes income from various sources, including music on hold, health and beauty, holiday centres, and educational premises.