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.