QUOTE(Seer_Green @ Aug 14 2012, 11:20 PM)
QUOTE(owainsutton @ Aug 14 2012, 11:12 PM)
QUOTE(flautistphilosoper @ Aug 14 2012, 08:20 PM)
They are simply a private company who collect royalties on behalf of their members.
And, unsurprisingly, quite a bit of the money never makes it to their members...
I'm not sure that's strictly true. PRS state "We are owned by and accountable to our members. After deducting the costs of running our organisation, all the income we receive from licence fees is distributed back to our members." If the money received is going on anything other than costs or being paid out to members, then that seems to indicate some sort of dodgy accounting which I'm not sure is what you're suggesting
Just checked the accounts: over 10% goes on administration. (Edit: they don't say how much of this goes on self-publicity...) (Edit 2: 20% of the money distributed doesn't go to members, but to 'affiliated societies', and I'm having trouble finding out who they are?)
Note that it's only necessary to have a licence if dealing with music which is both in copyright and the copyright belongs to a PRS member
. Granted, the vast majority of published sheet music will come under this, but the PRS try to give the impression that there's some automatic legal obligation to have a licence for the reproduction of any
copyright music. If it is outside of the PRS remit, one needs to obtain the permission of the copyright holder directly.