PRS paid out GBP £274.9 million (USD $367.6 million) at the current exchange rate) to songwriters, composers and music publishers in December, a 4% increase over the same period a year earlier. In all, 51,500 PRS members will receive a payment this quarter, among them 400 songwriters and composers who will receive royalties for the first time.
Source: The UK’s PRS for Music reports largest-ever quarterly royalty payout at $368m, up 4% YoY