Revenue Streams Tipping For UK Labels
July 16th, 2008
Figures released by UK record company trade organization BPI show that label revenues other than physical or digital sales increased 13.8%......to 121.6 million in '07 from 106.9m in '06. These additional revenues now account for 11.4% of UK label income. 360 deals with newer artists helped grow additional income by 13.8% to 121.6m as these new business models begin to generate returns..
While new revenue streams are still in their developing stages. they provide hope for a beleaguered label sector. I was unable to find similar figures for the US. but suspect we're behind the UK particularly in 360 revenues.
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