Great news from the UK with the PRS for Music reporting a 3.2% rise in royalties to £630.8 million ($1 billion) in 2011. Royalties from online streaming services like Spotify and iTunes leaped 43.5% to £38.5 million ($61.6 million).
MORE:
- Controversial US music streaming service Grooveshark is again in hot water with EMI, its only major label partner, suspending its agreement.
- Analysis of latest royalty statement for Songtrust clients shows that radio, live performance, and film/TV royalties are best sources of publishing royalties for indie artists.
- "Weird Al" Yankovic and Martha Davis (of the Motels) are the latest in a growing line of artists suing major labels for claimed underpayments of digital royalties.
- Pink and Danger Mouse have inked publishing deals with EMI and Universal respectively. Universal also snagged 'In Da Club' co-writer Mike Elizondo.
- After topping the Songtrust Top Songwriter Chart for January and February, Dr Luke has been usurped by Adele in the latest rankings.
- Major publisher Warner Chappell is making a huge play in the production music industry with the launch of Warner/Chappell Production Music.
- German collection society GEMA has been accused of 'arrogance' after changing tariffs for outdoor music events.
Courtesy of Songtrust – the easiest way for songwriters and bands to collect publishing royalties.
