Sunday, October 21, 2012

International income from British music doubles in the last decade

PRS for Music has announced that British music abroad is so popular that revenue earned from its use has doubled since 2002. During 2011, UK songwriters and composers earned £187.7m globally, up 10.6% on 2010 (£169.6m). The organisation represents 90,000 songwriters, composers and music publishers, collecting royalties from 150 territories around the world. Growth of £100m in international royalties since 2002 is attributed to both the widespread consumption of British music and improved licensing of its use and efficiency of distribution around the world. Due to the success of its music creators, the UK is one of only three countries in the world that is a net exporter of music

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