Royalties for live music were down almost 30% last year, but a recovery is on the horizon.
Despite struggles in the live sector, PRS had a good year, collecting £777.1m in royalties - only slightly down on the pre-pandemic figure of £810m.
The company said it processed 27 trillion "performances" of music last year, including streams, downloads, radio and TV broadcasts, as well as music played in pubs, clubs, hairdressers and concert venues. The popularity of those songs, and others like Adele's Easy On Me, meant that streaming services like Spotify and Apple Music generated £225.5m in royalties - up 45% from two years ago.
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