PERFORMANCE ROYALTY collection body PRS For Music (PRS) is relaunching and rebranding its Major Live Concert Service royalty facility as MLCS by PRS, offering new functionality designed in collaboration with some of the world’s leading touring artistes.
The organisation says the MLCS initiative is in response to artiste needs and includes fixed payment terms and reduced administration fees.
The new platform will demystify tax for arena and stadium-level touring artistes, offer a pre-tour royalty calculation service, upfront details of headliner and support splits in each country — allowing for accurate forecasts of royalty streams throughout the tour, and provide a post-tour royalty reconciliation feature.
“We are already working with the society network to implement these critical changes that are necessary to not only keep MLCS competitive in the new marketplace but to keep the entire society network relevant in this area,” says PRS director of international Sami Valkonen.
Separately, PRS for Music has appointed Andrea C Martin at chief executive. Her previous roles include MD of data services for the Royal Mail in the UK and president of ADT Canada. At PRS Martin will lead an organisation of 500 people across two London sites.