Performing Rights Societies
Performing Rights Societies (PRS) are organizations that manage the rights of artists and songwriters. They ensure that creators receive payment when their music is performed publicly, whether in venues, on the radio, or through streaming services. By collecting licensing fees from businesses that use music, PRS helps protect the financial interests of its members.
These societies also play a crucial role in tracking music usage and distributing royalties. They work with various stakeholders, including musicians, venues, and broadcasters, to ensure that all parties comply with copyright laws. This system supports the music industry and encourages the creation of new works.