As reported at the Listening Post at Wired.com, in the latest edition of the Music Ally newsletter (subscription required), Will Page, chief economist at the MCPS-PRS Alliance (a UK performing rights society), analyzed the two primary trends in the music industry right now - the decline in music sales and the simultaneous increasing revenues from live music. By combining these two trends with the right data, he estimated that live music revenue will soon eclipse recorded music revenue, assuming current trends continue.
He concludes that “if these current trends were to continue,” live music will become a larger industry than recorded music in Great Britain “within the next three years.”
The article references recent moves by Prince (who gave away music with a newspaper), Madonna (who signed with Live Nation), and record labels that are asking for so-called “360 degree” deals, which give them an interest in their artists’ touring revenues, merchandise, and other revenue that has traditionally gone directly to the artist.
Live Music Revenues Could Exceed Music Sales | Listening Post from Wired.com
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