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Australasian Publishing Revenues Grow
As record labels around the world  report year on year declines - often in excess of 10% - it's interesting to see that in many territories music pblishers and their collection societies are experiencing similar percentage changes - but as growth. In the US BMI and ASCAP and in the UK, the PRS-MCPS Alliance have all announced healthy figures and now the Australasian Performing Right Society and the Australasian Mechanical Copyright Owners' Society have announced combined revenues of $189.7m for the 2006/07 financial year. The figures indicate a rise of 12.8% on the previous year.
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