Feeds

Despite pub massacre, British songwriter revenue nudges up

CDs now for Xmas only?

Designing a Defense for Mobile Applications

Performance royalties for British artists increased last year, driven by international agreements. Paid music use overseas was up almost 20 per cent to £166.9m, a healthy part of the £623m recorded by PRS For Music for 2009.

Britain is one of only three music exporters in the world - in other words, UK talent brings in more income from overseas sales and performance than we pay out to overseas acts*. PRS for Music collects performance revenue on compositions on behalf of composers and songwriters from radio, TV and venues such as shopping malls and hairdressers. It also collects mechanical royalties, which is the songwriters' (small) cut of a record sale. The PPL collects the other royalty, on the sound recording itself.

Digital revenues remain a small part of the picture - a mere £30m, but for the first time they grew faster than CD revenues declined. Deals saw songwriters benefit from MySpace, YouTube and Spotify.

"We are yet to see whether this sector is on the right trajectory to compensate creators for the loss of traditional CD and DVD royalties," the PRS notes.

Radio proved a tough market, since payments are related to advertising.

Historical anomaly: the mighty radio lobby always had far more clout than the fledgling record business. Politicians genuinely feared the nation's crystal sets booming out disparaging material, so when Big Radio asked them to jump, their only question was how high. Politicians don't really fear bloggers or tweeters in the same way.

Attempts by PRS For Music and the PPL to put the screws on offices have proved controversial, but snagged songwriters an extra £2.2m last year, according to PRS figures. It partly compensated for the desperate pub scene - 39 close each week, and pretty much each one paid its annual fee. Overall pub and club revenues fell 5.3 per cent.

Ominously, the PRS notes that "More sales are shifting into the fourth quarter each year as CDs become a 'gift purchase'".

Last year we noted how long the CD was taking to die. Maybe it's the new woolly jumper. ®

* Abba-riffic Sweden is the third net exporter. You can guess the other.

Using blade systems to cut costs and sharpen efficiencies

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.