[Fmpro] UK PRS reduces admin costs

[LesHurdle]





More money for you - PRS to reduce administration rates

PRS is already one of the most cost effective societies in the world.  
 From October we are reducing the cost of processing your royalties  
even further, which means more money for you.
Reflecting the cost savings we’ve been making, we are lowering our  
administration rates across all of our revenue sources by between  
1-4%. The changes are detailed below or view the full list of PRS  
admin rates.


  International
  Old %
  New %
  European societies
  3 - 5
  2 - 4
  ASCAP, BMI
  2
  1
  Canada
  5
  3
  Australia, New Zealand
  5
  3
  All other societies
  10
8


  Broadcasting
  Old %
  New %
  GMTV, C5, MTV
  20
  18
  BSkyB
  18.5
  18
  Classic FM
  23
  20
  Virgin 1215
  18
  15
  Commercial Radio
  16
15


  PPS
  Old %
  New %
  Cinema
  19.5
  17
  Public reception
  26
22