PRS For Music has created a royalty dashboard for music creators that are members of the organisation.
PRS For Music pays its members when their work is performed, broadcast, streamed, downloaded, reproduced, played in public or used in film and TV.
With the royalty dashboard, member can now view comprehensive analytics, data, and insights into how their music is performing and when and how royalties are being produced.
With this tool, users can compare multiple songs and how they’re doing in relation to each other in terms of revenue source and territory. It also enables users to view song performance across specific time periods.
The idea is that this valuable information will provide more perspective and inform decisions about careers, touring and new markets.
Claire Jarvis, director of membership, PRS for Music, said: ‘We’re delighted that the new analytics service enables our members to interrogate the global usage of their music in an innovative way. We worked closely with them when building the new application and believe that our continued improvement to our digital offering will ensure that PRS remains one of the leading performing rights organisations in the world.’
Simon Darlow, deputy chairman, PRS for Music, added: ‘PRS for Music members will benefit hugely from the new analytics dashboard. As a member myself, I believe that the tool will revolutionise the way we interact with our royalty data.’
Maria Forte, a music industry consultant who has worked with Radiohead and Iron Maiden, commented: “The tool will make administering PRS statements so much more streamlined, from seeing the data you need quickly and in one place, to drilling down into that data and being able to find the required detail. I know some of my suggestions during the trial were taken on board and implemented, which is encouraging to see.”