PERFORMANCE ROYALTY collection body PRS For Music is still awaiting approval for its new live tariff, almost six months after lodging its application with the Copyright Tribunal.
PRS confirmed in September it had agreed terms with industry parties and had submitted an application to vary the terms of its Light and Popular (LP) tariff (see LIVE UK issue 212).
Although the Tribunal is usually used to resolve disputes between copyright owners and their agent bodies, PRS insists the process is consensual and all live sector parties are in agreement.
Organisations involved in the tariff discussions include the Concert Promoter’s Association, the Association of Independent Festivals, the National Arenas Association and the British Association of Concert
“The application is still with the Tribunal and there is no date when it will be approved,” says a PRS spokeswoman.
The LP tariff has remained the same since 1988, with PRS collecting three per cent of gross ticket revenue less VAT.
A consultation into reviewing the tariff ended in September 2015. No details about what the new tariff will be have been revealed.
In the past PRS has suggested that it was due a share of other revenue streams such as merchandising, bar receipts and even secondary ticketing mark-ups from those promoters and venue operators it believes tout their own tickets.