[Fmpro] UK PRS reduces admin costs

[LesHurdle]

The lower number is the reduced amount.

One must now wonder if ASCAP/BMI etc will now follow suit & reduce  
the amount they remove from your overseas income?

L

On Oct 3, 2007, at 7:13 AM, LesHurdle wrote:

>
>
> 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
>
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