Streaming Pushes Down US Music Publishing Revenues

US music publishers took a 2.5 percent hit in revenue, to $2.142 billion last year, National Music Publishers Association President David Israelite told his constituents at an AGM in NYC this week.

The decline is attributable to the streaming environment and imbalanced royalty splits between record labels and music publishers.

Details of the AGM and Israelite's advise to his audience is expanded upon in Billboard magazine. In the article, the NMPA president makes much of the income imbalance, an issue that is going to become a top line industry issue in the coming months as songwriters and composers fight to claw back more income that currently is going to labels and recording artists.

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