![]() ![]() Promoter Barry Collings says: "It is a slap dash system. But Freegard adds that it is not PRS's fault if it does not receive enough details from promoters and venues to build up a more accurate picture. ![]() ![]() The excess cash, which totalled 9m last year, is put into a fund dubbed "black box" by promoters and paid out using radio logs. Some atres fail to implement system because it is too complicated, y say. ![]() Promoters and venue managers claim small bands don't take system seriously because many rarely see any money. PRS cannot pay out any of royalty payments until all of concert details are collected. The system of promoters or venue owners logging each song at a concert is undermined because details are often not forthcoming from support bands, says Freegard. PRS is being forced to act after a major band complained about non-payments for a tour in PRS chief executive Michael Freegard is to propose a system of advances at this Wednesday's council meeting to solve problem. The mammoth 9m a year problem is at root of delays in payments for major tours of up to four years. 1 4 Fiddler's fury 8 Radio Three boss falls out with Kennedy On report Market report homes in on Cher 21 The boxtops Who's watching TV pop shows 22 Biusic wee The Business Magazine for Music Industry 22 JUNE PRS faces up to 'lost 9m Small bands are losing out on millions of pounds in royalties because PRS's collection system is failing to register an estimated 90% of all live performances. ![]()
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