Album Sales Reach Weekly Low

Album Sales Reach Weekly Low
Album sales totaled 4.95 million units in the United States for the week ending Aug. 15, marking the lowest weekly sales total since Nieslen SoundScan began tracking sales in 1991 and the second time weekly sales totals have dropped below 5 million units, according to a Billboard report. The previous weekly low occurred in June when album sales reached 4.98 million units. (8/19)

NAB, MusicFIRST Discuss Performance Royalty Compromise
The National Association of Broadcasters is circulating a proposal that would require terrestrial radio stations to pay performance royalties equal to approximately 1 percent of a station's annual net revenue should Congress pass legislation requiring that all portable electronic devices, including mobile phones, be sold with FM radio broadcast chips. The Consumer Electronics Association and wireless industry trade group CITA have expressed their opposition to the provision. Last October, the Senate Judiciary Committee approved the Performance Rights Act, a bill seeking to provide a terrestrial radio royalty to artists while protecting songwriters. While the legislation has yet to be presented before the House or Senate for a full vote, NAB and the musiFIRST Coalition, the music industry lobbying group founded in part by The Recording Academy to ensure artists are compensated for their music, are negotiating a potential settlement. (8/19)

Chrysalis Revenue Up In 3Q
UK-based Chrysalis Group reported a 5.2 percent increase in royalty income compared to the prior-year quarter. While quarterly profit was not disclosed, Chrysalis cited Pendulum's Immersion and songwriters Nerina Pallot and Fraser T. Smith's work on Kylie Minogue's Aphrodite as contributors to its positive third-quarter performance. (8/19)
 

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