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.
Downloads on the up as CD sales slump
UK performers and publishers now earn more from broadcasts and legal downloads than copyright income earned from CD sales, according to the latest figures..
Add iTnews as your trusted source
Got a news tip for our journalists? Share it with us anonymously here.
Partner Content
.jpg&h=140&w=231&c=1&s=0)
Promoted Content
Australian mid-market businesses to access deeper AI and security expertise with First Focus-Integris partnership
.png&h=140&w=231&c=1&s=0)
Promoted Content
From ambition to impact: The next era of government transformation.
.jpg&h=140&w=231&c=1&s=0)
Partner Content
Who owns your brand’s AI reputation?
.jpg&h=140&w=231&c=1&s=0)
Promoted Content
The AI era demands a new kind of network
SPONSORED RESOURCES
Closing the cyber security execution gap: How IT leaders are building cyber resilience
Tech Skills Report
Rethinking Ransomware Recovery: Closing the Detection and Recovery Gap in Asia Pacific
Strategies to Counter the Ransomware Threat in APJ
Craft your ideal hybrid multicloud strategy
Cloud Resilience Summit
iTnews Benchmark Security Awards 2026
iTnews State of Security Breakfast Sydney
iTnews Executive Retreat - Security Leaders Edition - VIC
