The figures presented are for the Performing Right Society Limited (PRS). PRS for Music is the brand name used by the Performing Right Society and its operating company PRS for Music Limited.
Online and International revenues are reported on a constant currency basis.
"PRS members have the right to demand their society think differently, challenge the norms in an industry where tradition is too often an excuse for inaction. To constantly evolve to meet their changing needs and expectations. Indeed, it is because we recognise the need to constantly challenge ourselves that we have been able to double the royalties paid to songwriters, composers and publishers in less than a decade.”
Andrea Czapary Martin CEO, PRS for Music
Created by members, for members
More than a century ago, a small group of rightsholders came together to form PRS, united by a mission to protect the music that shapes our world.
In the past decade alone, we’ve doubled both the revenue collected and the royalties paid out — strengthening the future for creators, just as our founders envisioned.
Today, with a membership large enough to fill Wembley Stadium twice, we continue to prove the power of community and collaboration.
Revenue collected in 2024
£1.15 billion
6.1% since 2023
114.3% since 2015
£1.15bn
£1.08bn
£964m
£777.1m
£650.5m
£810.8m
£746m
£717m
£621.5m
£537.4m
Our track record
In 2024, we reached a major milestone by collecting £1.15 billion in revenue and paying out £1.02 billion to rightsholders.
Paid out to rightsholders in 2024
£1.02 billion
8.1% since 2023 121% since 2015
£1.02bn
£943.6m
£836m
£677.2m
£699.4m
£686m
£603.6m
£605.1m
£527.6m
£460.9m
Where did the money come from in 2024?
PRS has been at the forefront of licensing the digital music revolution, with online royalties up 8.8%.
International and Public Performance revenues also climbed, up 7.5% and 14.1% respectively, driven by the success of PRS members’ music around the globe, and headline UK stadium and arena tours.
INTERNATIONAL
£351.4m
£401.2m
£287.3m
£89.6m
£111.6m
Revenue collections by year
Reflecting the rapid growth of the online market and and PRS’s early vision of driving value through improved licensing agreements, the organisation reached the £500 million revenue collections threshold in 2015.
Over the last decade, Online revenues have increased by a staggering 846% (£358.8 million) to £401.2 million and International revenues have grown by 79.6% (£155.8m) to £351.4 million in 2024.
Since the launch of PPL PRS in 2018, Public Performance revenues have increased by 49.6% (£95m) to £287.3m.
It’s our job to get members paid
For the second consecutive year, Online has remained the largest source of royalties, we paid out £358.8m to rightsholders, reflecting a slight decrease of 0.4% on 2023, closely followed by International up 20.1% to £356.4m year on year.
Public Performance including Live has experienced steady growth, up 8.1% to £203.4m, with royalties paid out from the Live sector up 20% to £68.5m. Traditional broadcast distributions remain steady compared to previous years, up 1.4% to £98.2m received by rightholders.
Cost to income
Once again, our cost-to-income ratio has been below 10% and reflects a significant reduction in the years since 2018, when the ratio stood at 12.7%.
Increase of 8.8% (£32.5m) on 2023
49 The Gentlemen series one featured works from
PRS writer members including Delilah Bon, Bryan Ferry, Victoria Harrison and Paul Weller
Stargazing written by Myles Smith was the biggest British single of the year, according to the Official Charts Company
Bridgerton series three featured works from
44
PRS writer members including Jessica Agombar, Celeste, Jatin–Lalit, Stargate, Harry Styles
179%
Up 7.5% (£24.5m) compared to 2023
Rema's Calm Down and Kenya
Graces' Strangers hit songs were loved over the airwaves in the USA, contributing to growth in collections from North America, up 4.8% to £110.2 million compared to 2023
PRS Member
383,329
UK live sector revenue
£89.6m
up 30.6% (£21.0m) on 2023
230,000 setlists reported by PRS members
*Included within the public performance revenues
603 music festivals, including
All Points East, TRNSMT, Green Man, Latitude, Pride, Download Festival, AVA Belfast and Sausage and Cider Festival
Dijit Dosanjh PRS member
48 RAYE PRS member We licensed
Years of Keith Mansfield’s Light and Tuneful, the theme song for the BBC’s Wimbledon coverage
6 BRIT Awards won by RAYE – the most wins by one artist in a single night in the event's 44-year-history, which was watched by 3 million viewers
622 Radio stations
450 TV channels
180,000
More than 8,000 joined in 2024
86,151 We paid members in 2024 6,994 of those were paid for the first time £1.97m who received in royalties
39% of new members were under the age of 25
Dave
Prima Queen
Jungle
Celeste
Rina Sawayama
Repertoire
We represent
That’s the same as up 10% on 2023
300 years musical works
157,500,000 minutes of continuous back to back listening* since the release of A Hard Day’s Night by The Beatles 64 years
Wham!'s Last Christmas became the first song in UK chart history to be the Christmas number one for two years in a row, solidifying its place in music history or
Charli XCX tops UK singles chart with Guess
Charli XCX PRS member
PRS Members’ Fund PRS Foundation
In 2024, PRS Members’ Fund awarded
Grants to PRS members and their families totalling
Partnerships include: Legacy donors include:
Marc Bolan
Eric Coates
Billy Mayerl
Daphne Oram
Tom Springfield
J.R.R. Tolkien
Charles Williams
Throughout 2025, PRS Foundation is celebrating 25 years of funding new music and boosting careers
out of the last 7 Mercury Prize winners have received PRS Foundation support at pivotal career moments, including recent winners English Teacher
PRS Foundation’s International Showcase Fund helped to generate
music creators received grant support in 2024
of Ivors Classical award winners were PRS Foundation supported grantees and many more picked up numerous awards including NI Music Prize (Problem Patterns) and Welsh Music Prize (LEMFRECK)
for the music industry and UK economy through grants to creators between 2019 - 2024
music organisations around the UK were selected for support through the Talent Development Network in 2024, ensuring transformational support is available to a broad range of music creators working in all genres
Errollyn Wallen PRS member and PRS Foundation grantee
