As the subscription streaming music model raises public performance royalties, the big collective management organizations are seeing their best years ever. On May 28, just hours after the Swedish CMO STIM announced a 14.2% increase in revenue, the UK CMP PRS for Music announced that in 2023 it took in £1.08 billion ($1.34 billion based on the 2023 average pound-to-dollar conversion rate), breaking the billion-pound barrier with a 12% increase. It also paid out a record £943.6 million ($1.17 billion). PRS also brought its cost to income ratio down to 9.2%, a particular focus for CEO Andrea Czapary Martin, who wants to
Hence then, the article about prs breaks the billion pound barrier as revenue rises 12 was published today ( ) and is available onbillboard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( PRS Breaks the Billion-Pound Barrier as Revenue Rises 12% )