Songwriting
& Composing Magazine
The
magazine for songwriters, composers, lyricists, performing songwriters, artistes/groups,
music publishers, record labels, management companies, and all those working
in the music industry worldwide.
The
Guild of International Songwriters & Composers the home of songwriting
and composing.
The UK's premier songwriting organisation.
Publishers of Songwriting
& Composing Magazine since 1986.
A
successful 2011 for songwriters' songwriting royalties
MCPS/PRS
(PRSforMusic) royalties increased 45.3% in 2011 to £38.5m
Over £545m of songwriting and publishing royalties were paid to PRSforMusic songwriter,
composer and publisher members in 2010. For the first time PRSforMusic's revenue
has topped £600 million, which is an amazing achievement. PRSforMusic’s record
results have seen: Licensing revenue growth of 8% on 2009. Double digit growth
in three of our four licensing areas effective licensing of new online services
Growth of 9% in net distributable revenue on 2008.
The PRSforMusic's July
2011 distribution totalled just over £91million. In total the PRSforMusic
July 2011 distribution contained more than 2,274 separate usage sources,
generating 126million transactions. There were some 35million unique performanmces
during the quarter made up of 674,905 distinct works to include Guild
members works.
The
PRSforMusic October 2011 royalty distribution totalled just over £127 million
to its publisher and writer members. In total the October 2011 royalty distribution
contains more than 2,400 separate usage sources, generating 109 million transactions.
There were some 37 million unique performances during the quarter, made up of
more than 8000,000 distinct works.
MCPS/PRS
(PRSforMusic) who represents 85,000 songwriters, composers and music publishers
in the UK saw royalty collections rose 3.2% to £630.8m last year after a
surge in revenues from overseas and digital services. As part of this uplift money
from services including itunes , Spotify, Amazon and we7 increased 45.3% in 2011
to £38.5m and made up a record 6% of total PRS collections. The licensing
of new digital services enabled PRSforMusic to pay additional royalties to their
members last year.
Newly-announced
figures also reveal there was a big increase in money collected for the use of
UK music overseas with this sum rising 10.6% to £187.7m. The lift came on
the back of successes by British songwriters such as Adele, Taio Cruz and Coldplay
last year as well as improvements in working with overseas collecting societies
to collect what was owed.
Royalties
from live music were up 8.2% to £225.5m, helped by the likes of the UK festival
market and Take That’s Progress Live stadium tour, while money brought in from
businesses such as shops, pubs, hotels, restaurants and work places for publicly
playing music went up 0.9% to £131.4m. Broadcast income increased 1.2% to
£149.0m with the only area of business experiencing a fall being recorded
media. Here royalties fell 13.3% on the year to £101.6m with royalties from
CDs, DVDs and covermounts all dropping.
The
licensed digital market is now delivering a significant income stream for MCPS/PRS
(PRSforMusic's) writer, composer and publisher members.
Songwriting
and publishing royalties are a substantial source of income.