Britain's MCPS-PRS Alliance has reported banner revenues for the year 2006.

The Alliance's collections exceeded £545 million ($1.067 billion) for the year, up marginally from a "best-ever" year in 2005, the collecting society reported today.

The London-based organization's Performing Right Society collected £335 million ($656 million), up by 7% from the previous year.

"PRS broadcasting, public performance and international revenues were all strong in 2006," said the Alliance in a statement today, "for the first time all three exceeded £100 million ($195 million) and all were up by more than 5% on 2005."

The PRS accumulated £45.1 million ($88.3 million) in costs, down £2 million ($3.9 million) from the previous year. Of that sum, the Alliance forked out £3.4 million ($6.6 million) FOR the U.K.'s Copyright Tribunal, in light of the collecting society's online royalties dispute last year with the BPI.

And despite "tough market conditions," the Alliance's Mechanical-Copyright Protection Society reported distributions of £212.6 million ($416.6 million), down slightly from the previous year. The MCPS was significantly ahead of budget targets for the year, it said, and saw its costs rise just 1% to £19.2 million ($37.6 million).

These "excellent" financial results demonstrate the "continuing strong demand for music," comments Alliance managing director Steve Porter, in the statement.

"Our revenues were the best-ever, enabling us to distribute more than £500 million ($979.8 million) in royalties to our composer, songwriter and publisher members," he adds.

"Cost control remains strong and we continue to make significant progress in speeding the money through the system. The Alliance continues to forge ahead with its strategic pan-European licensing initiative and is playing a lead role in transforming the digital rights marketplace in Europe."

The Alliance's revenue ratio for the year dropped slightly to 11%.