Saturday, July 28, 2007

Record Booty

Record companies collected $728m in royalties from 51 countries in 2006, up by 8% on 2005, according to IFPI, a trade body. This is equivalent to 4% of the companies' music-sales revenue that year. Some 87% of income comes from licensing sound recordings; music videos make up the remainder. Britain's collection society is by far the most industrious, taking $142.1m on behalf of its members. This represents 7% of the $2.1 billion earned in Britain by companies for music sales that year. Although America's income grew most in the top ten, $35.7m is peanuts in a market worth $6.5 billion. Russia, home to dodgy download sites and reluctant radio stations (only half pay royalties), took a tiny $0.9m, representing a mere 0.4% of sales revenue. Malaysia's collection agency, on the other hand, took a sum equivalent to 22% of their music-sales income.
Alright, you caught me. I really don't care about this article.

I just wanted to post that title (The Economist's, not mine) with that picture. How can they get away with that? All I gotta say is I find the whole thing bootylicious.

via The Economist

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.