Embargoed 00:01, Thursday, 4 April 2013

UK SONGWRITER ONLINE ROYALTIES TOP 51M

PRS for Music announces 641.8m collected in 2012
PRS for Music today reported a record 641.8m collected in royalties for songwriters, composers and music publishers in the 2012 fiscal year, a 1.7% increase on 2011. Expansion in the online market, especially streaming services, netted 51.7m in music royalties. This is the highest figure to date and up 32.2% on 2011s 38.5m. Over the last five years average annual growth for online has been 27%. New licensing deals with Google Play, Vevo and Microsoft Xbox and the renewal of existing agreements means UK creators now receive 8% of their royalty income from online music services. The organisation collects royalties for over 95,000 members and licenses in excess of 350,000 UK businesses including 300 radio stations and 450 television channels. Royalties from broadcasters in 2012 rose by 3.1% to 153m representing almost 24% of overall income for music creators. International revenues suffered a decline of 4.1% due to significant exchange rate losses, specifically because of the Euro and a challenging economic climate in many countries. Despite these challenges, international royalty revenue provided UK music creators with their single largest source of income at 180.1m. 2012 was a year when UK songwriters continued to dominate internationally with Mumford and Sons, Ed Sheeran and Calvin Harris enjoying global chart success and other prominent writers seeing their music accompany television and film content worldwide. Robert Ashcroft, Chief Executive commented: Copyright remains fundamental to the continued success of our members both at home and abroad, while the ever-increasing importance of licensed online services such as iTunes and Spotify underlines the value of music to the internet economy.

Royalty revenue collected, costs and distributions to members Million Revenue - royalties Interest and other income Total revenue Costs Charitable donations Distributions to members 2012 641.8 4.6 646.4 73.0 1.5 571.9 2011 630.8 4.5 635.3 76.5 1.5 557.3 % 1.7% 2.2% 1.7% -4.6% 2.6%

Royalty revenue collected by source Million Broadcast Online International Public Performance Live Recorded Media Total 2012 153 51.7 180.1 135.4 19.3 102.3 641.8 2011 148.4 39.1 187.7 131.4 22.5 101.7 630.8 % 3.1 32.2 -4.0 3.0 -14.2 0.6 1.7%

ENDS Contact: Olivia Chapman, Media Relations Manager olivia.chapman@prsformusic.com 02073064229 / 07939449333 Barney Hooper, Head of Communications: barney.hooper@prsformusic.com 02073064548 / 07979 757052

PRS for Music PRS for Music represents the rights of 95,000 songwriters, composers and music publishers in the UK. As a membership organisation it ensures creators are paid whenever their music is played, performed or reproduced; championing the importance of copyright to protect and support the UK music industry. The UK has a proud tradition of creating wonderful music that is enjoyed the world over and PRS for Music has been supporting the creators of that music since 1914. PRS for Music provides business and community groups with easy access to over 10m songs through its music licences. In an industry worth 3.8bn PRS for Music is uniquely placed to be a voice for music and music creators. Collecting 641.8m in 2012 PRS for Music is one of the worlds most efficient combined rights organisations. With 150 representation agreements in place globally, PRS for Musics network represents over 2 million music creators. www.prsformusic.com www.m-magazine.co.uk