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Online Royalties Jumped 60 percent For Independent Publishers In 2016

No Comments 2 March 2017

Online Royalties Jumped 60 percent For Independent Publishers In 2016

Online royalties paid out by the likes of Apple Music, iTunes, Spotify and YouTube jumped by 60% for a powerful set of independent publishers last year.

The figure refers to distributions made by IMPEL, which collectively licenses Anglo-American mechanical digital rights in Europe for publishers including Beggars Music, Imagem, SONGS Music Publishing and more.

The growth was completely driven by streaming (thanks to hits from songwriters like SONGS-signed The Weeknd, pictured), which comfortably offset declines from download platforms.

musicbusinessworldwide

IMPEL’s 46 members also include publishers such as Bucks Music Group, Mute Song, peermusic, Reservoir Media, Sentric Music, Spirit B-Unique and The Music Sales Group, with repertoire covering Elvis, the Stones, Bowie, Drake, Ed Sheeran, Bruno Mars, Mark Ronson and many more.

MBW understands that UK-based IMPEL’s total annual distribution in 2016 easily topped £15m ($19m) - more than double the money it handed out just 3 years previously.

IMPEL’s figures are all the more impressive when compared side-by-side with the wider music market.

In the recorded music world, for example, digital music retail revenues grew 15.8% across streaming and download in the UK market in 2016 (up to £633.1m), according to ERA data.

And in Germany, digital retail revenues were up by approximately 26.2% last year (to 600.4m Euro) according to recently released BVMI data.

Jane Dyball, CEO of IMPEL said: “IMPEL is a major player now in the digital space. By uniting their repertoire and pro-actively engaging with the digital community the independent publishers are operating on a par with the majors…”

 

Read More/Original Source: http://www.musicbusinessworldwide.com/online-royalties-jumped-60-independent-publishers-2016/

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