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Songwriters get windfall from download royalties

Published time: April 02, 2012 12:35
Edited time: April 02, 2012 16:36
A Beatles song plays on an iPod in San Anselmo, California (Photo Illustration by Justin Sullivan/Getty Images/AFP)

A Beatles song plays on an iPod in San Anselmo, California (Photo Illustration by Justin Sullivan/Getty Images/AFP)

Digital services could soon oust ‘old-fashioned’ CDs from the market. Songwriters’ revenues in the UK have reportedly skyrocketed thanks to one stop entertainment shops like iTunes.

­Online royalties soared 45.3% year on year last year, according to The Daily Telegraph.

The paper says British songwriters who are paid whenever their tune is played or performed, have made a small fortune in the rising popularity of digital services, with royalty payments hitting £635.3m.

A surge in downloading has offset the falling revenue from CD sales. The so called ‘recorded royalties’ – payments from CD sales – dropped 13 percent in 2011.