Japanese authors' society reports 5.6% rise in royalty collections YoY
The Japanese authors’ society (JASRAC) says its music-copyright fee collections rose 5.6% in the year ending March 31, 2013, to 111.8 billion yen ($1.14 billion).
Performance-rights fees were up 5% to 54.2 billion yen ($571.2 million), reports McClureMusic.
The rise is reportedly due to an increasing number of karaoke boxes, a recovery of the live-music market after a dip caused by the March 2011 earthquake and tsunami and fees from fitness clubs and culture centres.
JASRAC’s fiscal 2012 collections ...
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