January 2009: PRS Template Presentation
Introducing PRS for Music
Introducing PRS for Music
Content:
• About PRS for Music
• Royalty streams
• Joining PRS for Music
About PRS for Music
• Who we are?
• How we function?
Please remove: ‘By minimising deductions we are able to pay our member nearly 90p in every pound we collect’
‘We collect royalties for music played on all UK TV stations and distribute over 80% of it on a ‘pay per play’ basis, ensuring the right people get paid’
‘A record £500 million in royalties were paid out in 2012’
Please replace with: We have 87000 members
We have 150 affiliates around the world
A record of £555 million royalties were paid out in 2010
Please can you create the slide in editable PPT format
91A record £650m in royalties was paid out in 2014
£650m111,000We have 91 affiliated societies around the world
We have 111,000 members
There are people who write and publish the song,
and people who perform and produce the recording.
We deal with song writing and song publishing
How it works
PRS for Music member
Music Creator
Data
PRS for MusicCollection Society
Data
LicenseeMusic User££
Royalty streams
• Basics of Copyright
• Two key rights
• Royalty sources
Basics of copyright
• There are two sets of copyright:- Song Copyright (Composition and Lyrics)- Sound Recording Copyright (Master Recording)
• Ownership of Copyright- Copyright of the song is owned by the writer and publisher- Sound recording copyright is generally owned by the company or
individual who has financed the recording. This is generally the Record Company
• Exploitation of song copyright is further divided into:- Performing rights (public performances)- Mechanical rights (copy)
What are the rights of Copyright?
• The right to reproduce.
• The right to prepare derivative works.
• The right to distribute.
• The right to perform publicly.
• The right to display the work publicly.
• The right to perform the sound recordings publicly by means of digital audio transmission.
Two Key Rights
MECHANICAL RIGHT PERFORMING RIGHT
MCPS PRS
Two Collecting Societies
TV, Film & Radio
TV & Radio Transmission
Gigs, Clubs & Concert Venues
Pubs, hotels, shops, offices
Cinema & Theatre
Theatrical
Live Performance
Playback of recorded music
Licensing the Market: Performing Rights
Gaming Services
Digital Service Provider
Music Streaming
Music Downloads
Film/TV Downloads
Video On Demand
Ringtones
Commercial release CD
Commercial release DVD
Covermount CD
Publisher
Video Producer
Record Label
Licensing the Market: Mechanical Rights
Broadcast Mechanicals
Digital Service Provider
Music Streaming
Music Downloads
Film/TV Downloads
Video On Demand
Ringtones
Who we license…
PRS for Music has agreements in 83 countries around the world,
including other collecting societies
Joining PRS for Music:
While members can join either PRS or MCPS, it is usually the case that they join both societies together. Current membership fees are:
MCPS or PRS writer fee is £50 and £400 for a publisher per society.
What does it take to earn a £100 in royalties?• 6.5 mins of Radio 1 play
• 1.1 mins on BBC 1 primetime • 450,000 online streams
• 17 live gigs in a pub or club• 147 album sales
• The actual amount the member receives is dependent on their ownership in the work.