With total revenues dipping 1.1% to £611.2m last year (?618.2m in 2009), PRS for Music is looking at improving international revenues to help fuel growth over the next few years.

PRS for Music executive director finance and facilities Craig Nunn said the organisation has two ways to grow: through cutting costs and finding new income streams. "But there is an indefinite amount of sponge squeezing that can be done and reducing costs only gets us so far," he said.

"We ...