Mechanical Royalties Suffer
U.S. music rights licensing organization The Harry Fox Agency, Inc. (HFA), announced today that its 2008 royalty collections from all sources was $307.1 million, a 22% decline from 2007. Also in 2008, HFA issued over 2.44 million mechanical licenses, a 62% increase over 2007. Digital downloads also increased, by almost 47% over 2007, bringing the […]
