Fairness Rocks News Is a reckoning coming to the way collection societies spend songwriters’ money?


Fairness Rocks News Is a reckoning coming to the way collection societies spend songwriters’ money?

Home Industry News Is a reckoning coming to the way collection societies spend songwriters’ money?

Author: Tim Ingham

Date: May 4, 2021

Original Source: Music Business Worldwide

Industry News

Is a reckoning coming to the way collection societies spend songwriters’ money?

In the last year where full accounts are available, 2019, the UK’s de facto songwriter and publisher PRO, PRS For Music, said its annual costs amounted to 11.0% of the money it brought through the door.

Over in the US, another not-for-profit PRO, ASCAP, estimates that its operating expenses amount to around 12% of its annual revenue.

Read More: https://www.musicbusinessworldwide.com/is-a-reckoning-coming-to-the-way-collection-societies-spend-songwriters-money/