And even more publishing news, US royalties company ASCAP has reported it made record revenues of $785 million in 2006. It also says it managed an all-time low 'operating expense ratio' which I think means a higher percentage of revenues went to its artists than ever before. Which is all good. Well done them.
Here's what ASCAP chief John LoFrumento says: "Our overarching priority each year is to put more money in the pockets of our members - hard working songwriters, composers, lyricists and music publishers. That's a goal we clearly met in 2006. To continue achieving such results, we are investing in new technologies that enable us to operate more efficiently and are significantly broadening the scope of professional services we offer to enhance the career opportunities of our members".