Digital music promote British royalties revenue rose 2.6%

May 21st, 2010 214 views |0 Comments

March 16, according to foreign media reports, in 2009 the British song writers, composers and music publishers royalty income is 623 million pounds (about 944.8 million U.S. dollars), up 2.6%, the first time surpass CD and DVD.

Overall market growth was mainly attributable to a sharp rise in overseas edition of tax 19% to 166.9 million pounds.

But the compilation of music royalties, said the data distribution organization PRS for Music, said the figures referred to a turning point in the industry is still too early.

In recent years, the global music market by networks such as piracy and CD sales fell so fast shock, the industry has been gradually shrinking, despite the rapid growth of legitimate digital music revenue to make up.

In 2009, online music revenue grew 73%, or 12.8 to 30.4 million pounds, while the CD and DVD sales fell to 870 million pounds.

UK market decline and other factors include advertising revenue fell ringtones, etc..

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