PRS for Music, which posted an almost 20 percent downturn in collections for 2020, revealed its 2021 financials today. As highlighted, the London-headquartered entity said that revenue jumped by 22.4 percent in 2021, to £777.1 million ($990.3 million at the present exchange rate). Predictably, online plays (and especially streaming) drove PRS for Music’s 2021 revenue growth, with the category having hiked by 45.6 percent YoY to $341.2 million (£267.8 million), or about 34.5 percent of total collections.
Source: PRS For Music Posts 22.4% 2021 Growth As Live’s Struggles Continue