Music licensing body PRS for Music said it collected £964 million last year, representing record trading figures as it bounced back from Covid-19.
The UK organisation – which represents the rights of more than 165,000 songwriters, composers, and music publishers around the world – said the figure was up almost 23 per cent (or £179.4 million) on the amount redistributed a year earlier, when the world was still affected by lockdowns.
A spokeswoman said: “These landmark results indicate not only a dramatic recovery following the global pandemic, but an increase of £154 million (18.9 per cent) on the previous high of £810 million achieved in 2019.”
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