That's an interesting post, thanks.
Quote:
Originally Posted by mobius.media  I would guess you could gather 3 things:
1) PRS revenue has increased largely in step with inflation. This is to be expected, as piracy has no way of affecting PRS revenue.
2) Recorded revenue to artists has increased (according to this) in step with the growth in the digital market. However, the only way this is mathematically possible is if artists are paid higher royalties on digital sales than physical, as sales revenue for the industry as a whole is down. Not sure how this was calculated or how this is possible? Can anyone make sense of it?
3) Live music is pulling in more and more money. With sky-rocketing ticket prices for major and classic acts, no surprise there.
So far as I can tell, I believe the article should be named "Do artists fare better in the digital economy?" as it does not address piracy.
There should also be some explanation for how artists' royalties can be going up while total industry sales revenue is going down. Again, the only explanation I can imagine is there is something funny going on with the royalty calculations I'm not aware of. If anyone understands what they did to calculate that I'd be curious to hear.
As for piracy, the only way to assess its affects is to minimize it and observe the trends that follow. As was seen in Sweden, I expect any dip in piracy will produce a great benefit to the industry and artists alike. |