Downloads on the up as CD sales slump

By

UK performers and publishers now earn more from broadcasts and legal downloads than copyright income earned from CD sales, according to the latest figures..


The MCPS-PRS Alliance, which collects rights on behalf of UK songwriters and publishers, reported overall growth in income of 2.8 per cent over 2007, despite an 11 per cent decline in rights earnings from physical sales.

The figures indicate how earnings from broadcasters and online stores are displacing physical sales of CDs in terms of generating income for musicians and their publishers.

MCPS-PRS said that income from broadcasting and online sources increased by seven per cent in 2007 to £155.5m.

"The important thing is to be able to collect [revenue] in new ways and new places to make up for the obvious decline in CD sales," Steve Porter, MCPS-PRS Alliance chief executive, told The Financial Times.

The figures also show that just 0.01 per cent of the MCPS-PRS Alliance's 50,000 members, or about five people, earn over £1m a year from song copyrights. The vast majority (95 per cent) earn less than £10,000 a year.
Got a news tip for our journalists? Share it with us anonymously here.
Copyright ©v3.co.uk
Tags:

Most Read Articles

Orica to set new workforce systems live in Australia in July

Orica to set new workforce systems live in Australia in July

ANZ Institutional readies go-live for "multi-agent chatbot" amie

ANZ Institutional readies go-live for "multi-agent chatbot" amie

Lion builds an app to detect its beers on tap in venues

Lion builds an app to detect its beers on tap in venues

Victoria Police refreshes online reporting

Victoria Police refreshes online reporting

Log In

  |  Forgot your password?