PRM to Host First Distribution Party Celebrating Music Industry Milestone

1. PRM (Philippine Recorded Music Rights Inc.), a collective management organization accredited by the Intellectual Property Office of the Philippines (IPOPHL), is thrilled to announce its first-ever Distribution Party. The event is set to take place on July 19, 2024. It marks a significant milestone in the protection and promotion of public performance rights for record labels and recording artists in the Philippines.

2. PRM plays a crucial role in licensing music, including from some of the most prominent names in the music industry, to commercial establishments.  This enables businesses to enhance and curate the customer experience, while the distribution of royalties to artists and record labels ensures that they are rightfully compensated for their work.

3. This first distribution exercise is a milestone for PRM. The royalty to be paid out is for the period from January 2021 to December 2022.

4. The local office of the international labels, Sony Music Entertainment, Universal Music Group and Warner Music Group will receive 78% of the producers’ share of royalties. Local labels such as PolyEast Records, Star Music, Universal Records, Viva Records and others will receive 14%. The remaining balance of 8% is currently under hold and subject to confirmation by other local and international labels.

5. In total, there are 105 performer recipients who will receive royalties during this first distribution. Among them, there are 30 local Filipino performers, with the remaining 75 performers based overseas.

            From the overall performer royalties distribution, PRM is pleased to share that 30% of the performers’ share of royalties will be distributed to local Filipino performers and 70% of the performers’ share of royalties will be distributed to international performers.

6.  The top ten Filipino (local) Performer recipients, in alphabetical order, are:

Performers (Local)

Ace Banzuelo

Adie

Adie, Janine Berdin

Arthur Nery

Ben&Ben

Hale

Moira Dela Torre

NOBITA

IV Of Spades

Zack Tabudlo

7. The top ten international Performer recipients, in alphabetical order, are:

Performers (Foreign)

BLACKPINK

BTS

Harry Styles

Joji

Justin Bieber

NIKI

Olivia Rodrigo

Taylor Swift

The Weeknd

Troye Sivan

8. In 2022, based on the IFPI music charts, the top 10 songs in Philippines, were dominated by local Filipino performers, with 8 out of the top 10 songs by Filipino performers. PRM is excited to see the growth of the local creative talent in the Philippines.

Artist	Song Title
Zack Tabudlo	Pano
NOBITA	Ikaw Lang
Arthur Nery	Pagsamo
Troye Sivan	Angel Baby
Adie	Paraluman
Zack Tabudlo	Habang Buhay
Adie & Janine Berdin	Mahika
Arthur Nery	Isa Lang
Ace Banzuelo	Muli
Taylor Swift	All Too Well

About Philippines Recorded Music Rights Inc.

Philippines Recorded Music Inc. (PRM) is a non-stock, non-profit joint music licensing organization that represents members who are the Producers and Performers of sound recordings. PRM’s purpose is to license entities that play sound recordings of our members and distribute these royalties directly to them. PRM is officially accredited as a collective management organization and recognized as a joint music licensing company by the Intellectual Property office of the Philippines (IPOPHL) in 2021.

PRM was formed as a new music licensing company (MLC) in Philippines for three main reasons:

·       Develop the local music industry

·       Increased transparency

·       Better market intelligence

For more information, please visit www.prm.com.ph