What does PRS stand for in the context of music licensing?

In the context of music licensing, PRS stands for Performing Rights Society. This organization plays a crucial role in the music industry by representing songwriters, composers, and music publishers. Its primary function is to ensure that these creators receive royalties when their music is performed or broadcasted in public. This can include performances in venues, radio, television, and online platforms. By collecting and distributing these royalties, the Performing Rights Society helps to protect the rights of music creators and ensures they are compensated for the use of their works. The other options do not relate to the specific role of overseeing performance rights and licensing within the music industry.