Music industry hits back at new PRS tariffs for livestream performances
The new licence fee could have a financial hit on emerging artists
Crowdsurfing at a grassroots venue. CREDIT: Brookfield / Stockimo / Alamy Stock Photo
Leading music industry bodies have hit out at the Performing Rights Society (PRS) after it announced a licence fee for small livestream performances that could have a financial hit on grassroots artists.
Livestream shows have been an alternative source of income for artists during the coronavirus pandemic, with emerging artists offering stripped-back affairs.
However, the PRS proposed a new tariff last month of between 8-17% for livestreams, a rise from its usual 4.2% gross from live gigs, per The Guardian.