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PRS Paid Out $1.3 Billion to Members in 2024, Though Rate of Revenue Growth Slowed

Figures from PRS For Music revealed that the collection society paid out over $1.3 billion to its members in 2024, but the rate of growth has reduced.

Collections from the video games sector accounted for a significant portion of this increase, after PRS For Music secured a partnership with Sony Playstation’s streaming service to build on its long-standing download deal. Singer-songwriter Cathy Dennis has joined the Writer Council as a member alongside Tom Gray, chair of the Ivors Academy, and composer Philip Pope. The wealth of knowledge, experience and expertise that they have amassed during their careers will bring a huge amount of insight and ensure the Council continues to deliver the best possible society for members and that every part of the membership is served by the organization.”

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