A commitment to reduce rates for small venues and mixed arts festivals
PRS for Music has announced the start of a formal customer consultation on its royalty rates for popular music events in the UK. The rate – currently set at 3% of ticket receipts – was last reviewed in 1988. This is one of the lowest rates in the world with charges of up to 10% being applied in other European countries.
Following calls from key stakeholders and some customer groups within the sector to review the tariff, PRS for Music will begin its 12 week consultation on June 15th.
PRS for Music is inviting customers, rights-holders and representative bodies to be part of the consultation. All the details can be found at:
