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In 2023, PRS for Music paid out a record £943.6 million of royalties for songwriters, composers and music publishers. Total royalty distributions increased by £107.4 million (12.8%), on the previous year and are up over £266 million since 2021.
 
In a landmark year, PRS for Music became a billon pound society, collecting a massive £1.08 billion in revenues, a more than a 12% (£120.9 million) increase on 2022.
 
Over the last decade, PRS for Music has more than doubled its collections, with revenues up £571.4 million (111%) since 2014. An achievement only surpassed by the increase in royalties paid out, 121% (£518 million), over the same period.
 
For the second consecutive year, the society reported a cost-to-income ratio well below 10%. In 2023, PRS for Music's cost-to-income ratio fell to a new low of just 9.2%, down from 9.3% the previous year. This important measure of a society's efficiency shows PRS for Music's targeted investments in people, technologies and services, are delivering significant returns on investment for members.
 
Andrea Czapary Martin, CEO, PRS for Music: "Our remarkable performance in 2023 is a testament to the team's hard work behind the scenes of the music industry. We're not just surpassing financial milestones at the lowest cost-to-income ratio amongst our peers; we're orchestrating a significant shift in the music business. My vision to ascend to a billion-pound society in royalties paid out isn't just a goal—it reflects our commitment to music creators worldwide.
 
With our focus on innovation and strategic partnerships, including the recent pioneering Project Nexus, we're shaping the future of our business and redefining how rights are managed globally. For 110 years we have existed to ensure that every music creator receives fair compensation for their artistry, wherever and whenever their music is played."
 
In 2023, PRS for Music represented the rights of 41 million compositions and songs from around the world, an increase of 12.6% (4.5 million) compared to 2022.
 
The PRS membership also grew by 10,000 in the last 12 months, more than in any previous year. The society welcomed a significant number of new members from the continents of Africa and Asia, including: 2Baba, Akhil Sachdeva, Crayon, Gyakie, Himmat Sandhu, Ruger, Sanjith Hegde and Young Jonn.
 
By migrating its distribution systems to the Oracle Cloud, the first society to do so, the society was able to pay over 6,000 songwriters and composers their very first royalty payments in 2023.   
 
Royalties:
 
Online
 
Collected   £366.5m     up 8.5% (£28.7m)   from £334m in 2022  
Paid Out    £360.3m     up 23.2% (£67.9m) from £292.4m in 2022
  • Royalties from music used online (music streaming, video-on-demand and video games) saw the highest year-on-year percentage growth (23.2% or £67.9 million) and highest distribution at £360.3 million.
  • Escapism by RAYE ft. 070 Shake, Calm Down by Rema, and Boy's a Liar by PinkPantheress, were just some of the most streamed tracks of the year featuring PRS writers.
  • New seasons of acclaimed dramas The Bear, The Crown, Succession and Top Boy were released last year, all of which featured music by PRS composers and songwriters.
  • OSCAR-winning Barbie was one of the most streamed pay-to-watch movies at home in the UK, featuring chart-topping Dance the Night by Dua Lipa, while Saltburn caused chart disruption with its now (in)famous sync of Sophie Ellis-Bextor's Murder on the Dancefloor.
 
International
 
Collected   £339.3m  up 25.9% (£69.9m)    from £272.4m in 2022
Paid Out    £283.4m   up 19.35% (£45.8m)  from £237.6m in 2022
  • Music by PRS writers played and performed overseas generated an additional £69.9 million last year, and distributions from the use of members' works used overseas grew by 19.35% (£45.8 million) to £283.4 million last year.
  • Europe remained the most important market for members' music, with collections exceeding £181 million, up £34 million (23%). Total royalties from North America, increased by 25% (£21.1 million) to over £105 million in 2023, predominately driven by increased online and radio income. 
  • World tours from PRS members last year, including Harry Styles, Sam Smith and Shania Twain, contributed to an overall 93% increase in international live income.
  • International royalties collected through the Major Live Concert Service (MLCS) increased from £6.2 million to over £19 million, an uplift of 210% in 2023. 
 
Public Performance
 
Collected   £251.7m   up 10% (£22.8m)       from £228.9m in 2022
Paid Out    £188.2m   up 2.0% (£3.7m)        from £184.5m in 2022
  • Royalties paid out from public performance, including live music, were £3.7 million higher in 2023 (2.0%), reflecting continued buoyancy of stadium and arena live events.
  • Arctic Monkeys, Burna Boy, and Busted, were among those who led the charge for live music tours in the UK last year. Noteworthy one-off special UK events such as Eurovision being hosted in Liverpool and Download Festival extending its lineup for its 20th anniversary, contributed to this result.
  • Revenues from the retail sector was £1.8m higher than in 2022, benefitting from increased use of PRS' repertoire in shops and bars.

11 Jul 2025 | Press release

Angry Mob Music Continues Marching Forward with New Brand Identity

 New Identity Re-Introduces Angry Mob Music as Modern, Key Player in the Independent Publishing Community   Angry Mob Music Group, an independent music publisher boldly serving songwriters, composers, artists, and creatives, has announced the launch of their new brand identity. Angry Mob's revitalized...more

11 Jul 2025 | Press release

OneRepublic sign new global recordings partnership with BMG

The deal marks the group's first new label home in nearly two decades   Grammy nominated and multi-Platinum selling band OneRepublic have signed a new global recordings partnership with BMG to release their upcoming seventh studio album. The first single, "Beautiful Colors",...more

11 Jul 2025 | Press release

Comment from the Musicians' Union on the government's approach to cutting disability benefits

  Naomi Pohl, MU General Secretary, said: "I would urge the government to rethink its approach to cutting disability benefits.  "Our latest Musicians' Census showed disabled musicians already face serious financial challenges, including a pay gap of 13 per cent, and many unable...more

11 Jul 2025 | Press release

Reservoir extends deal with Grammy-winning songwriter-producer Khris Riddick-Tynes

  Reservoir Media, Inc. (NASDAQ: RSVR), an award-winning independent music company, today announced a new global publishing deal with Grammy Award-winning songwriter-producer Khris Riddick-Tynes, who has been represented by the Company since 2020. Under the extended partnership, Reservoir will continue to...more

11 Jul 2025 | Press release

Bronski Beat receive PRS For Music Heritage Award, presented by Tom Rasmussen, at site of historic debut performance

  Award formally recognises the lasting impact of the seminal 80s band and the venue where they began their careers, The Bell in London's King's Cross (presently Big Chill) UK star Tom Rasmussen to deliver commemorative performance and unveil a plaque during...more

11 Jul 2025 | Press release

River House Artists and Sony Music Publishing Sign Rising Singer-Songwriter Kenny Whitmire

  River House Artists, in partnership with Sony Music Publishing Nashville, announced today the signing of breakthrough country singer-songwriter Kenny Whitmire to a global publishing agreement. Kenny Whitmire moved to Nashville in 2022 to pursue a career in songwriting and quickly began...more

11 Jul 2025 | Press release

TikTok launches #THISISFOR campaign to celebrate the new album from global K-Pop sensations TWICE

TikTok has partnered with TWICE on an immersive in-app experience featuring exclusive content Fans can engage with the #THISISFOR campaign to unlock a profile frame, collect digital stickers, and access exclusive merch and rewards TikTok is excited to unveil #THISISFOR, a...more

10 Jul 2025 | Press release

UK music tech sector faces critical

MTUK's first-ever state of the nation report on the UK music tech sector urges the Government to ensure music tech remains a cornerstone of the UK's creative economy   A comprehensive new report from Music Technology UK (MTUK), the UK trade association dedicated to...more

10 Jul 2025 | Press release

Northampton's Billy Lockett signs gargantuan publishing deal with independent Notting Hill Music

  Critically acclaimed British singer-songwriter Billy Lockett has inked an immense global publishing deal with Notting Hill Music, one of the UK's most respected independent music publishers. The deal marks a pivotal moment in Lockett's flourishing career, following a breakout few years that have seen him...more

10 Jul 2025 | Press release

Concord Music Publishing Signs Global Deal with Grammy-Nominated Producer Duo Tropkillaz

Marking Concord’s First Signing Out of Brazil    Concord Music Publishing is thrilled to announce the signing of Tropkillaz, the dynamic GRAMMY-nominated Brazilian production duo of Zegon and Laudz, to a global publishing agreement covering all new copyrights. This landmark deal, orchestrated...more

10 Jul 2025 | Press release

Symphonic Distribution Partners with Third Chair to Monitor Music on Social Media for Proper Sync Usage, Maximizing Revenue

  Symphonic Distribution, a leading music technology and services company for independent labels, managers, and artists, has partnered with Third Chair (previously Watchdog) to utilize their IP enforcement services to monitor social media music usages and protect all of the music under Symphonic's...more

10 Jul 2025 | Press release

FUGA Partners With Arketyp Group, the New Venture From YEAR0001 Co-Founder Oskar Ekman

Deal expands FUGA’s footprint in the Nordic region and follows new signings from Arketyp Group and YEAR0001Downtown-owned, B2B distributor FUGA has today announced a new global partnership with Arketyp Group, the newly launched independent label group founded by Swedish music...more

09 Jul 2025 | Press release

Levellr Unveils AI Tool to Decode Real-Time Fan Sentiment on Discord

New feature gives artists, labels, and brands instant insight into what fans really think, feel, and care about View demo dashboard here Levellr, the fan community platform powering next-gen artist-to-fan connections, has launched a cutting-edge AI social listening tool designed to unlock...more

09 Jul 2025 | Press release

The UK's Official biggest songs and albums on vinyl of 2025 so far revealed

Sam Fender scoops the biggest vinyl album of 2025 so far Oasis secure best-selling vinyl single of the year so far with 'Whatever' anniversary reissue   Sam Fender's People Watching claims the best-selling vinyl album of 2025 so far! Congratulations are in order for  Sam...more

09 Jul 2025 | Press release

Rebecca Lucy Taylor a.k.a Self Esteem to curate at this year's Southbank Centre's London Literature Festival

The festival also features Adam Buxton, Alexis Wright, Bora Chung, Charlie Macksey, Chris Kraus, Claire-Louise Bennett, Frank Cottrell-Boyce, Funmi Fetto, Jackie Kay, Jimi Famurewa, Kelly Frost, Lisa Smith, Malala Yousafzai, Michael Rosen, Nikita Gill, Neoprene Genie, Nesrine Malik, Olga Ravn, Pankaj Mishra,...more

09 Jul 2025 | Press release

'Don't Look Back In Anger' takes title of most played Oasis song of 21st Century

‘Don’t Look Back In Anger’ has been revealed as Oasis’s most played track on UK radio and TV in the 21st century, according to new data from music licensing company PPL. Following the band’s euphoric live return to universally glowing...more

09 Jul 2025 | Press release

Tom Walker signs global publishing deal with BMG

  Platinum-selling British singer-songwriter Tom Walker has signed an exclusive global publishing agreement with BMG. The deal brings together Walker’s deeply personal songwriting and unmistakable voice with BMG’s industry-leading publishing capabilities.  Known for his breakthrough hits “Leave a Light On” and “Just You and...more

09 Jul 2025 | Press release

Statement on UK Government Decision to ban Employer NDAs

A statement from Gaby Cartwright, Head of Partnerships, LIVE in response to the UK Government's decision to make amendments to The Employment Rights Bill that will ban employers from using non-disclosure agreements (NDAs) that silence workplace harassment and abuse. Changes set to be introduced to...more

08 Jul 2025 | Press release

BBC Radio 2 listeners to vote for Your Ultimate 80s Duet

  The 1980s saw some of the world's best loved popstars unite to create some of the most magical and much-loved duets ever made. Today (7th July), Scott Mills on the Radio 2 Breakfast show and BBC Sounds announced voting has opened for Your...more

08 Jul 2025 | Press release

AIF calls for Competition and Markets Authority to investigate Live Nation

Live Nation could be held responsible for engaging in anti-competitive behaviour, according to AIF analysis.   The Association of Independent Festivals (AIF) has called for an investigation into Live Nation from the UK's Competition and Markets Authority. The trade body recently provided evidence...more

08 Jul 2025 | Press release

LIVE Awards 2025

Category Nominations Now Open  Tom Ward is the new host of the LIVE Awards 2025   The annual LIVE Awards, which will take place on Wednesday December 10th at Troxy in East London, has announced a new host for 2025. Tom Ward is an...more

08 Jul 2025 | Press release

Green Man Festival 2025

14th - 17th August 2025 Announce full line up and day splits for SOLD OUT 2025 edition Cymande, Heartworms, Been Stellar, Cass McCombs, Factory Floor, Gurriers, Hannah Frances, Jamz Supernova, Keo, KOKOROKO, Shale, Lucy Gooch, Iraina Mancini, Molina, MORN, Ella Ion, Natalie...more

07 Jul 2025 | Press release

Brazilian music superstar Alok signs global publishing deal with BMG

  GRAMMY-nominated Brazilian music superstar and philanthropist ALOK has signed a global publishing agreement with BMG.A leading figure in dance music, ALOK is best known for his hit singles "Hear Me Now," "Deep Down," "Lua," and chart-topping collaborations with John Legend,...more

07 Jul 2025 | Press release

Independent music company CEOs around the world call for end to further anti-competitive, consolidation attempts in the music industry

  Hundreds of independent record labels and trade associations have raised significant concerns about Universal Music Group's acquisition of Downtown Music Holdings. Deal is the latest in a line of serial acquisitions from UMG in the independent sector Together they have signed an...more

04 Jul 2025 | Press release

Tickets For Good announces launch of Belgian business at Wallifornia, opens £3m funding round

  The Wallifornia Conference Startups alumni returns to reveal latest expansion news. TfG recipients include some 500k registered healthcare workers, teachers, and charity workers across UK, EU and U.S. It's distributed 1million+ free and discounted tickets from 1,000+ live event partners, including Dua...more

04 Jul 2025 | Press release

Lewis Capaldi surprises fans in London's Covent Garden to launch 'Room to Reflect' meditation booth with TikTok

  SCOTTISH SUPERSTAR PARTNERS WITH TIKTOK TO ENCOURAGE THE NATION TO TAKE A MOMENT TO RESET FROM  EVERYDAY LIFE   The ‘Room to Reflect’ experience was narrated by Lewis Capaldi, offering a sanctuary from the London daily grind to meditate and escape the...more

04 Jul 2025 | Press release

Beatport Live Launches 'The Block'

A Touring Container Stage Spotlighting Emerging DJs at Junction 2, Creamfields, and The Prospect Building  Over the last five years, more than 400 nightclubs have closed in Britain and Beatport recognises the urgent need to offer more than just a digital...more

04 Jul 2025 | Press release

BDi Music signs exclusive worldwide publishing deal with Paige Bea

Bea is a sought after musician, songwriter, DJ and emerging producer.   BDi Music has signed artist and songwriter Paige Bea to an exclusive worldwide publishing deal.  Paige Bea is a London-born musician, songwriter, DJ and emerging producer. Originally trained as an opera...more

04 Jul 2025 | Press release

Bandcamp Daily's Summer 2025 Hotlist Spotlights Its Most Anticipated New Releases

Open Mike Eagle, Wet Leg, Kokoroko, Alex G, Susumu Yokota and more are all featured in the Summer 2025 Hotlist    Bandcamp Daily, the editorial arm of the world’s largest online music marketplace and community, has released its 2025 Summer Hotlist, a curated collection...more

04 Jul 2025 | Press release

Universal Music Greater China announces strategic global alliance with "Godfather of Mandarin R&B" David Tao and his company Great Entertainment

Universal Music Group to Release David Tao’s New Studio Album STUPID POP SONGS, with Physical Pre-Orders Opening Soon   Universal Music Greater China (UMGC), a division of Universal Music Group (UMG), the world leader in music-based entertainment, today announced a strategic global...more

11 Jul 2025

  • Where’s the next wave of working-class rock stars? (see Features)

  • Populists vs. tech titans: The battle over AI and the future of music (see Comment)

10 Jul 2025

  • Can TikTok revive classic songs? A statistical analysis (see Analysis)

09 Jul 2025

  • UMG’s Michael Nash: ‘AI can be instrumental to the future of music’ (see Digital)

08 Jul 2025

  • In the post-music streaming era, do artists and labels give too much away? (see Comment)

07 Jul 2025

  • Songwriters ‘missing millions in royalties from more than 100,000 UK gigs’ (see News)

  • Merck Mercuriadis plots comeback with Hipgnosis remix (see Business)

04 Jul 2025

  • V&A East Storehouse to open the David Bowie Centre (see News)

  • ESCA calls on the EU to block Universal Music’s deal to buy Downtown (see News)

  • Virgin Music CEOs push back against critics of Downtown Music deal (see News)

03 Jul 2025

  • Record labels are running on empty (see Opinion)

  • AI music is going viral, but it’s not what fans want (see Comment)

02 Jul 2025

  • The Velvet Sundown may be the first breakout AI band from Suno (see Digital)

  • Amid cuts, WMG to "continue to supercharge our capabilities in long-term artist, songwriter, and catalog development" (see Business)

01 Jul 2025

  • WIN CEO writes to European Commission Vice-President over Universal's acquisition of Downtown (see Comment)

  • If Spotify truly champions discovery, it should champion fair compensation from the first stream (see Comment)

30 Jun 2025

  • Selected Glastonbury coverage (see News, Features, Showbiz, Reviews)