Revenues collected by UK collection society PRS For Music on behalf of songwriters and their publishers has risen 2011, by 3.2% to £630.8 million. This despite a continued drop in the money paid to songwriters and publishers by record companies from record sales (what was called 'MCPS' income), which were down 13.3%.
PRS reported increases in the monies collected from international licensees, the live sector and digital services which all helped ensure that overall PRS income was up. International income was up 10.6%, aided by a number of big hits for British songwriters and the continued increases in efficiency in collecting royalties due to PRS members from outside the UK. Income from licenced digital services was up 45.3% and now accounts for 6% of PRS's total income. Live royalties were up 8.2%.
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