Music publishing thrives thanks to back catalogues while sales fall on recording side

Music publishing, which generates revenues when songs are sold or played, has raised its turnover significantly over the past decade, according to a report from Informa Telecoms & Media. In 2006, publishing made up 41% of total music revenues of $12.7bn (£6.4bn) from publishing and recording combined, according to the research firm. Publishing's share of revenues was up markedly on 29%, or $3.6bn, a decade earlier. In the same period, recorded music revenues fell 17% from $9bn to $7.5bn. (The Guardian)