MI2N
Music Industry News Network
TUESDAY, MAY 23RD
Advanced Search
MusicDish Advertising Network
HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Business News (more headlines) 06-14-2014

U.S. Music Publishing Industry Valued At $2.2 Billion

Bookmark and Share

Wednesday at its annual meeting the National Music Publishers' Association (NMPA) released 2013 revenue data for the U.S. music publishing industry. Revenue across all income sources totals $2.2 billion. However, NMPA also estimated that roughly $2.3 billion is lost every year due to outdated copyright law and government regulations.

"We are finally able to capture what the industry is worth and, more importantly, what our industry is losing," said David Israelite, NMPA President and CEO. "The new digital marketplace is changing how songwriters and their music publishing partners can thrive. As the marketplace evolves, it is essential our industry no longer be hamstrung by outdated laws and government regulation."

For the first time in history, NMPA can quantify the total industry revenue and value through information collected from NMPA's recent modernization program. The program requires music publishing members to provide revenue data and captures market share information. The total industry revenue is based on numbers reported to NMPA by its members for 2013 while the lost revenue calculations are based on projected fair market value of the industry in the absence of government regulations.

NMPA details the industry value in the following breakdown:

* Performance License - 52 percent: Public performance royalties represent the most important income stream for songwriters and music publishers. While the performance right is not explicitly regulated by law, the Department of Justice imposed consent decrees on the performance rights organizations ASCAP and BMI in 1941. Incredibly, those consent decrees still are in effect today and do not include sunset provisions.

* Mechanical License - 23 percent: Section 115 of the Copyright Act imposes a compulsory license that dates back to 1909. As a result of this World War I-era law, songwriters and music publishers are denied the right to negotiate the value of their intellectual property in a free market. For every song downloaded on iTunes, songwriters receive only 9.1 cents - the current rate set by the Copyright Royalty Board.

* Sync License - 20 percent: The use of music synchronized with audiovisual content represents the third significant source of revenue for songwriters and publishers. Traditionally this has included using music in movies, television shows, and commercials. Newer forms of this right include music videos produced by record labels as well as user-generated content such as videos on YouTube. For songwriters and music publishers, this is a free market right not regulated by law or consent decrees.

* Other - 5 percent: Songwriters and music publishers also receive income for the use of their content in other categories, such as sheet music and lyric websites.

Bookmark and Share

back | top



MusicDish Advertising Network

Mi2N Music PR

17-Year-Old Singer/Songwriter Wins Prestigious Music Award In Hawaii

Jah Mason Empowers Women With New Single 'Its Your Life'

Amsterdam Dance Event Announces Spotlight On Morocco And Hello DeLaMar, ADE Changes Venue

Deadline Looms - The 22nd Annual USA Songwriting Competition

Earl And The Steadies To Play In Seoul For "Back To The Retro" Party

HISTORIAN Shares Haunting New Video For "Rain (The End Of Another Era)"

Punk Supergroup The Mutants Announce Shows In Las Vegas And California



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» RIAA Reports 2016 Year-End Music Industry Revenues
» James Gadson Adds Lauten Audio 'Series Black' To His Studio After Lauten Founder Flubs Famous Introduction
» TuneGO Inc. Launches Record Label TuneGO Music Group, Inc.
» "Here Comes The Rain" By Ric Zweig
» Google Play Music Launches First Original Podcast Series
» The Production Music Association Names Adam Taylor As Its New Chairman
» New Music Industry Social / Career / Connection Web Site
» CUT CONNEX URBAN MUSIC CONVENTION AND AWARD SHOW MAY 6th & 7th
» The Next Big Music Invasion Arrives From Portugal Via Leaky Sync And Idobi Network
» The GroovaLottos Sign With Wakeby Fire & Associates


Get your music news covered...
Have your press release written
by the pros at Mi2N

Articles
MUSICDISH E-JOURNAL
» A2LiVE Welcomes Eric Reithler-Barros As New Managing Director And CCO
» Jackson Wong Named As Managing Director Of Warner Music China
» Avex Group Rediscovers Mainland China Market
» Peermusic And Hamshore Tang Win Lawsuit Against Chinese Label YY
» Earl & The Steadies Sign With MusicDish For Representation In China
» Armada Night - China
» NYC's Chinese-American MC Bohan Phoenix Releases New EP 'JALA'
» Music Marketing Agency Syn Launches Beijing Office
» Warner/Chappell Production Music Promotes Aaron Gant To Senior Vice President Of Production
» World Blues & Roots Band Harper And Midwest Kind China Tour
» ASCAP Expands Asia-Pacific Strategy
» Why Do So Many Music Technology Startups Fail?

Mi2N's Music PR distribution service guarantees online exposure for your press release. Choose from seven (7) different packages.


HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Copyright © 1997-2017 MusicDish LLC, all rights reserved. Text, graphics, and HTML code are protected by US and International Copyright Laws, and may not be copied, reprinted, published, translated, hosted, or otherwise distributed by any means without explicit permission.