PRS and The MLC report their largest payouts ever
Image credit: Alexander Grey
As Digital Music Publishing refines and tools at royalty collectors’ disposal grow increasingly accurate, we continue to see more publishing earnings reach artists.
The British Performance Rights Organisation ‘PRS for Music’ have reported their largest quarter ever with the distribution of £239 million to rightsholders (a 13% increase from October 2022). It is their largest royalty payment since they began in 1914.
Along with this, the American Mechanical Rights Organisation ‘The MLC’ announced that they have paid out over $1.5 billion since their launch in 2018. With nearly half of this amount being generated in the last year.
Why have publishing payouts grown so dramatically?
There’s numerous factors for why Music Publishing is growing so rapidly, but PRS and MLC have both stated the reasons for the growth is:
- Improvements in data matching from DSPs (A Digital Service Provider like Spotify or Apple Music). The MLC achieved a 90% match rate for all royalties processed through October’s royalty distribution.
- The full return of Live Music and multiple large touring artists such as Ed Sheeran and Shania Twain generating Live Performance Royalties.
- More artists and composers joining these collection organisations, with over 4000 PRS members receiving their first payout in October and over 9000 new members joining The MLC this year.
- Spotify has reported an increase of 26% of active users this year along with a 11% revenue increase to €3.4 billion. As each stream also generates a Performance and Mechanical Royalty, a good year of streaming makes for a good year in Music Publishing!
How can RouteNote Publishing help?
RouteNote Publishing collects your earnings directly from PRS and The MLC, whilst also providing you with further reach worldwide!
We will deal with the administration and all of your earnings will appear in the same place alongside your RouteNote sound recording royalties.
If you’re getting plays on any streaming service like Spotify, YouTube Music, or Apple Music you will be owed publishing royalties so make sure you don’t miss out!