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TOP 20: MADE IN THE SHADY
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PRS FOUNDATION CUTS OPPOSED
6/6/22

More than 50 arts and music organizations are asking PRS for Music to reconsider its proposed 60% cuts to its PRS Foundation talent development program.

In an open letter, the group wrote, “PRS for Music’s track record and the music industry itself will be damaged for the foreseeable future if its unprecedented cutback of Foundation funding is enacted. We stand together to urge PRS for music to halt its proposed cuts to PRS Foundation and reverse a decision that could set the fragile post-COVID music economy back by decades.”

The group noted that the PRS Foundation, the U.K.'s leading charitable funder of new music and talent development, backed nearly 500 new music initiatives. Sam Fender, Dave, Glass Animals and Little Simz are among the acts that have benefitted from the foundation.

“With 60% less investment, there will be 60% fewer successes,” reads the letter in the campaign #HALTCUTSTOPRSF led by Punch Records CEO Ammo Talwar. “We do not believe a drastic rollback to 2000-levels of investment is fair, reasonable or even justifiable.”

The #HALTCUTSTOPRSF letter can be read here.