According to mid-year statistics released by Nielsen Soundscan, video and audio streams have increased 42% compared to the same period in 2013. As new services continue to enter the marketplace with unique ways for fans to consume music, the royalty business is seeing its revenue grow at a healthy rate.

Take BMI, for example - the US-based performance rights organisation has seen its payments to UK songwriters increase by 50% over the last decade, while in that same ten-year ...