AfterDawn: Tech news

Growth in downloads boosts 2009 UK music royalties

Written by James Delahunty (Google+) @ 15 Mar 2010 8:33

Growth in downloads boosts 2009 UK music royalties PRS for Music has compiled figures showing that growth in digital music downloads lead to a increase in royalties paid to British songwriters, composers and publishers. About 623 million was paid out in 2009 in royalties, up 2.6 percent from the total in 2008. It represents the first time that growth in digital revenues was larger than the drop in CD and DVD earnings for the industry.
"2009 was the first year in which the growth in revenues from the legal digital market compensated for the decline in revenues from traditional CDs and DVDs, though we remain cautious as to whether this represents a true turning point," said PRS for Music chief executive Robert Ashcroft.

"The next decade does, however, promise further growth in earnings from the legal digital market as well as the use of British music overseas." The global music business witnessed continuing declines throughout the last decade. It blames growth of Internet piracy and the decline of physical format sales for the reduction in revenues.

The overall increase in the market in the UK was due to a sharp rise in the use of British music abroad, rising 19 percent to 166.9 million.

Previous Next Write a comment

Comment this article

Latest news

A bug in Chrome allows you to download Netflix movies A bug in Chrome allows you to download Netflix movies (25 Jun 2016 15:21)
A group of security researchers have found a vulnerability in Google's Chrome browser that allows downloading movies straight from Netflix. This is obviously not a feature especially the entertainment ....
1 user comment
Three out of four Netflix customers would rather cancel than watch ads Three out of four Netflix customers would rather cancel than watch ads (25 Jun 2016 14:05)
For a long time Netflix was adamant on its pricing. No changes were made for a long time and everything seemed to be good. The markets obviously reacted and more expensive deals and original ....
3 user comments
Apple Music left in the dust, Spotify at 100 million subscribers Apple Music left in the dust, Spotify at 100 million subscribers (25 Jun 2016 12:01)
Spotify has told The Telegraph that it has surpassed the 100 million mark in subscribers. Paying subscribers was earlier this year reported to have passed 30 million. Apple meanwhile is having ....
2 user comments
Rumor has it that Apple has cancelled iPhone's dual camera Rumor has it that Apple has cancelled iPhone's dual camera (18 Jun 2016 18:05)
The next iPhone will be a major upgrade to current iPhone 6s. This biyearly full upgrade cycle provides us with a bigger upgrade every two years. But how will Apple update its number one product, ....
6 user comments
OnePlus releases new flagship killer, smaller X discontinued OnePlus releases new "flagship killer", smaller X discontinued (18 Jun 2016 16:11)
The small Chinese smartphone maker OnePlus took the world by storm two years ago by releasing a super cheap flagship smartphone. They called it the flagship killer, and it indeed challenged ....
4 user comments

News archive