CPA Welcomes the PRS Status Quo

The UK’s Concert Promoters Association has welcomed the recent announcement by PRS For Music that it will keep the royalties it charges the live sector at the current rate of 3% of box office receipts after a lengthy consultation. CPA Chairman Stuart Littlewood issued a statement supporting that move yesterday, telling reporters: "We are extremely pleased that the consultation has been persuasive in assisting PRS For Music in deciding to abandon an increase. The potential ramifications of the proposed increase - for both live music fans and people within the industry - were massive" adding "Any increased tax nn musical performances would have been directly passed onto music fans up and down the country. If live music is to survive, we need to ensure that we are keeping ticket prices at an affordable level, not least given the current harsh economic climate".