Everything is good in the world of music publishing yes? Well, who knows, but the news that German publishing collecting society GEMA has just announced a fall in revenues of 24.8 million euros last year can't be that good news, though, I suppose, while 2007 revenues were down 2.83% on 2006, that was a record breaking year, operating at levels that possibly couldn't be expected to be maintained. Mechanical right revenues from record labels were down, perhaps unsurprisingly given the state of German record sales, though collections from TV and radio were down too. GEMA chairman Dr Harald Heker told reporters: "The music industry in Germany again had to live with a distinct decline of the turnover. In general GEMA also expects for the business-year 2008 a further distinct decline of income". So, that's nice.
Apr 23, 2008
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1 min read
German collecting society GEMA sees revenues fall
German collecting society GEMA reports revenues fell by 24.8 million euros last year, and chairman Harald Heker expects a further decline in 2008.