Around the Net
Digital Royalties To Match Physical By 2014
- Billboard, Monday, June 4, 2012 10:41 AM
The UK's PRS For Music, Britain's collection society, that digital royalty payments will soon match those from physical sales. Royalties from the digital sales of U.K. repertoire worldwide will match those from the sales of physical recorded media, including CDs, in the year 2014, predicted PRS for Music, Great Britain's collecting society, during its AGM (annual general meeting). Chief financial officer Craig Nunn pointed out that the current tough economy, which has seen youth unemployment reach a staggering 22%, had not hurt the organization's income stream.
