Secondary Revenues Grow UK Music Industry

Secondary Revenues Grow UK Music Industry

Secondary Revenues Grow UK Music Industry
Secondary music revenues in the UK including radio play, merchandising and film/TV licensing totaled $305.8 million in 2009, a 6.6 percent year-over-year increase, and represented 20.8 percent of total industry revenue in 2009, according to UK trade organization BPI. Licensing revenue for film, TV, advertising, and games totaled $39.8 million, a 19.6 increase compared to last year; broadcasting and public performance licensing totaled $114 million; and artist-related income grew 16.7 percent to $92.6 million. Total recorded music industry revenues increased 2.3 percent to $1.78 billion. (8/2)

Fox Launches American Country Awards
Fox will launch country music awards telecast the American Country Awards on Dec. 6 live from Las Vegas. The two-hour telecast will be executive produced by Bob Bain of the Teen Choice Awards, and will allow fans to choose the winners. The awards show will join other telecasts in the country genre including CBS' Academy of Country Music Awards, ABC's Country Music Awards and the CMT Music Awards. (8/2)

Vevo Reaches 48 Million Users
Vevo, a joint venture between Sony Music Entertainment and Universal Music Group, has reached 48 million unique users, making it the third-largest video site on the Web behind YouTube and Yahoo, according to comScore. The site generates 1 billion views globally each month, according to company sources. (8/2)
 

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