The latest issue of Music & Copyright is now available for subscribers to download. Here are some of the highlights.
Recorded-music sales in Japan head for lengthy period of stagnation
The Japanese music trade association, the RIAJ, has reported midyear production figures for both physical music formats and trade earnings from the sale of digital music in the country. Combined revenue from physical audio and music video production was down year on year, while total record company earnings from digital sales and services have increased. Taking the two together, the total value of recorded-music revenue in Japan in the first six months of this year decreased at a slightly higher rate than in the prior-year period. This is concerning for the country’s record companies in that physical formats still account for the lion’s share of total trade earnings. Although digital sales have gained momentum in the last few years from rising subscription sales, the gains are not enough to counter the declines in CD album and singles sales.
New report details the status of digital music in the Nordics
The four Nordic countries of Denmark, Finland, Norway, and Sweden have become synonymous with the shift in the distribution of recorded music from ownership to access. Sweden is home to the world’s biggest audio subscription service, Spotify, while Tidal was created from the acquisition of Swedish company Aspiro, owner of the Norway-based service WiMP Music. In all four countries, streaming accounts for the majority of trade earnings from recorded music and all ownership formats are rapidly disappearing. A new report published by the Polaris Nordic alliance has shed light on the digital music consumption habits of consumers in the Nordic countries and has identified which services are the most popular. It also profiles the behaviors and attitudes of service users across the region.
Third straight year of rising rights collections for SIAE
Italian authors’ society SIAE has reported a third successive year of revenue growth. In July, the society released topline figures, but the publication of its annual report provides more detail on SIAE’s 2016 business year. The overall rate of growth for collections including private copying remuneration and other intermediation services was lower than the previous year. However, the total was the highest for SIAE since its foundation. SIAE said authors’ earnings from music repertoire edged up last year, with growth also reported for collections from dramatic works, movies, and literary works and visual arts. Digital-music collections rose for the fourth consecutive year, but as a share of total income, the collection source is still low.
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