News »
Gigwise RSS Feeds Bookmark and Share

Concert Income Set To Exceed Songwriting Royalities

For the first time...

Concert Income Set To Exceed Songwriting Royalities
Share

The money recording artists generate from concerts is expected exceed songwriting royalties for the first time, new figures suggest.

The MCPS-PRS Alliance says physical albums will generate a total of £131million this year, down 15% on 2007.

However, the total of royalties from concerts is expected to exceed £143million.

The revenue created from radio, TV and online broadcast will also exceed the CD sum for the second year running, the organisation says.

The figures highlight the growing emphasis that the music industry is placing on live events as people start to consume music via new means.

A number of artists have already acknowledged that the vast majority of their income is now generated by live performances and merchandise.

 characters left [+]  


Register now and have your comments approved automatically!

  • RT @Gigwise: Lady Gaga To Perform For The Queen In London: At the Royal Variety Performance... http://bit.ly/5gj2VO *can you imagine it?+
    mistadee on Sat Nov 21 21:07:21 via Tweetie
  • RT @Gigwise: Lady Gaga To Perform For The Queen In London: At this year's Royal Variety Performance... http://bit.ly/5gj2VO
    evatography on Sat Nov 21 17:02:38 via UberTwitter
  • MOTHERFUCKING YES!!! RT @Gigwise: Daft Punk 'To Play London and Manchester Shows In 2010': It's reported... http://bit.ly/CQsc8
    christog on Fri Nov 20 22:47:41 via TweetDeck
  • RT @Gigwise: Gibson Guitars Raided Over Alleged Use Of Rare Madagascan Timber: Their Tennessee HQ is stormed... http://tinyurl.com/y96zc2s
    SheyMcfez on Fri Nov 20 17:14:17 via Gravity
  • RT @Gigwise Gibson Guitars Raided Over Alleged Use Of Rare Madagascan Timber: Their TN HQ is stormed http://tinyurl.com/y96zc2s < Not good
    alternageekorg on Fri Nov 20 17:12:50 via web
Artist A-Z   # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z