PRS for MusicWanda was a Non-Executive Director of the Performing Right Society for over 12 years . PRS has a turnover of £641.8 million. Wanda was aslo Chair of the Audit Committee and a Director of the companies Swedish joint venture with Svenska Tonsättares Internationella Musikbyrå upa
Established in 1914, the Performing Right society is a membership organisation of composers, songwriters, authors and publishers of music of all styles - including classical, pop, jazz and music for films, adverts and TV.
The essential function of PRS is to collect and distribute music royalties on behalf of its members.
PRS is known as a ‘collecting society’ because its primary role is collecting royalties from music users in the UK who every day publicly perform, broadcast and include music in cable production services. PRS also collects royalties from around the world for its members.
PRS collects the royalties by issuing a licence to the music user (usually charged on an annual basis). In order to then make royalty payments to its members, PRS needs to know what music is being played. Major users, such as the BBC and large concert venues, give PRS detailed reports of the music they play. For many other venues including commercial discos, clubs and pubs, PRS sends researchers to obtain first hand information.
Having recovered its running costs it pays all the remaining money collected to the members identified, both UK and overseas.