Industry boosted by secondary music sales...
News: 3rd August 2010 by Stef Loukes under Music Publishing, Record Labels, Selling & Distributing Your Music
Record labels have been urged to look beyond simple music sales of CDs and MP3s, when secondary revenue figures were announced yesterday. Secondary revenues include sales from live performances and merchandise as well as radio, TV and film placements. Increasing for the third year in a row, labels collected £193.5m in secondary sales, up 6.6pc compared to the same revenue streams from the previous year.
According to Billboard licensing for TV, video games and films alone accounted for £25.2m.
Undoubtedly great news for unsigned bands, but will the industry now start looking towards more creative ways of selling their music? Let's hope so!
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