WHERE ARE the MISSING SONG ROYALTIES? Distributed on the Basis of Publisher Market Share
XXXXXXXX Q2 2019 XXXXXXXX EDITOR’S LETTER You hear it everywhere you go in the UK Tim Ingham the American music industry, where so much business: whatever happened to the days more consumption takes place – and so much of new superstar British acts breaking more industry value is derived. (Spot check: last with regularity in the United States? That year, the UK generated £829m in retail revenues golden run of Mumford & Sons, Amy from subscription music streaming, according Winehouse, Adele, Ed Sheeran, Sam Smith – to ERA. That works out at $1.1bn, which makes why did it seem to dry up? the UK subscription streaming market worth The most sensible answer, of course, is the around a fifth of the USA’s ($5.4bn). Population shift to streaming. All of the above acts benefited wise, the UK is about a fifth of the size of the greatly from being considered ‘album’ artists, States, so this all makes logical sense.) with recognition amongst the public – at home Other numbers specifically bear out the and abroad – that they were musicians of lasting struggle British artists are facing. According value, i.e. their work was worth monetarily to the BPI’s annual All About The Music gambling on, in the form of an LP purchase. handbook, UK artists claimed 9.0% of ‘all That era is now rapidly disappearing, music consumption’ (across sales and streams) especially in the United States, where, according in North America last year, with just 7.6% to RIAA data, sales of albums (across CD, of on-demand streams in the marketplace.
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