Get the latest gossip
Why Are IFPI & MIDiA’s 2023 Revenue Figures So Far Apart? The Answer Lies in ‘Expanded Rights’
Music revenue in 2023: Why are IFPI and MIDiA's number different? The answer lies in "expanded rights" including merch, touring and branding.
Traditionally, record labels have sold and streamed music, secured synch licenses and collected performance and neighboring rights royalties. WMG’s expanded rights includes merchandising, VIP ticketing, fan clubs, concert promotion and management, according to its latest quarterly report. Production music — which spans everything from beat marketplace BeatStars to online library Epidemic Sound — often exists outside of the record label system that traditionally develops and markets artists.
Or read this on Billboard