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1d be noted in passing that, mike the use put: 1.9 ecording companies receive sot me peray is the same
royalties from comercial uses of their products, as 3 1 and background" susic. mers' Toza! Incose fron Records these several incomes together, publish: concen 963, derived froe records and their comercia: * ting to $60.2 2:1:on. These kinds of imes, 11 .5").
ng like $:59 21:1.00. Je :9*39:54 repenen e ver ?601, as compared to the sacrease of 451 3 : ex and of 931
t o Fexy !930e facts as to how us:c sung ceries and ired from recorded it in comparist 2.*. va::!es t: have royalties to copyript ser and 251** e aggregate, aties e ve 2's 13Tuned as xerted because of the tasons :113, becua. :! *** cardin seda, :- :3 ota .eased 3 marta
min of mechanical royalties paid in one year by the number of release la the year, and to compare that figure with the corresponding value in mnother year. That is done in Exhibit 4, which seasures the trend in
alties per released tune as between 1963 and 1972. Royalties per leased ture vest troa $656 to $1,399, an increase of 1131. That per
tape increase is a reasonable seasure of the percentage increase in mechanical royalties per tune, although the dollar income per average tee would be considerably higher because of multiple releases per tune kcordiagy. the dollars of royalties per tune were going up faster tha the royaltim pe: ricase of that tune, which, thense ves, cere going tas: tas infiat:9n.
It showed be noted and emphasized that these domestic sesranica! 1.1.41 constituted only part of the income received by copyright
er fron recorded music. They also received 31:eabie bore! zech 6.a. teneities as Exibits 2 and 3 make clear, in addition, their 1.16 de from performances were about as great as the mechanical toya it!
4 were also accruing faster than iaflation.
mail now turn to an examination of what has brought about the tre.
reases in lacones of copyright over from recorded masie.
Note: For this Exhibit, the year 19?? was used because it was the latest
year for which the numbers and releases were available.
Sta::stics on releases are 6-9 31board.
10:1 hos IR *ace, 43 e..
:9: de Jur: t ata, see ..::
E MUSIC PUBLISHING INDUSTRY HAS NOT ONLY BEATEN INFLATION BY A VIDE MUIGIX, BUT HAS BENEFITED MORE FROM ADVANCES IN RECORDED MUSIC THAN RECORD MKERS MO MAKE RECORDED MUSIC POSSIBLE AND AVAILABLE
me to the revolution in recording technology and in
2. T i es, sales of records have risen #*::.903 ver surje 13 saies haie pridoned
- Por 23:. . Owens, no have ze : 1.3 - ?a: * : 27 phe Tervisaged 58 --*ress
s. The record
la order to reach an informed, not to say a fair judgment concerning 12 Hatcary bechanical royalty rate and whether it should be increased,
* Tea: 17 mit recopise and tak. under advisement some basic facts as to *** **** d attraction of modern-day recorded music and the economs. 3 of record. Industry.
THE HIGH INCOME ENJOYED BY COPYRIGHT OWNERS (Cont'd.)
THE INCOME PROVIDED TO THE MUSIC PUBLISHING INDUSTRY FROM RECORDINGS
The income provided to the music publishing industry by recordings -
Not only is the share of revenues from the sale of recordings that goes to publishing companies and other copyright owners much greater than originally visualized by Congress, but their dollar incomes from recordings have, in fact, increased very much faster than inflation.
Inflation in the Decade 1963 and 1973
Between 1963 and 1973, the average annual Consumer Price Index, based on the year 1967, rose from 91.7 to 133.1, an increase of 45$.' In those years, Median Family Income, that level of income where 50$ of American Families have more and 508 have less, and which takes into account both dollar inflation and increases in real income besides, rose from $6,265 in 1963 to $12,051 in 1973, an increase of 921.
How did the laesi can sus:c publishing indus:: fare la compar!. son, as between those years! Let us examine what happened to each of the several kinds of incone that copyright owners derive from recordings. The following facts are set forth la Exhibits : and 3."
INCOME ENJOYED BY COPYRIGIT ONNERS (Cont'd.)
NCOME PROVIDED TO THE MUSIC PUBLISHING INDUSTRY FRON ECO RONN MUCH FASTER THAN INFLATION
INCOME TO COPYRIQIT OWNERS FROM RECORDINGS
1993 versus 1963
= provided to the music publishing industry by cortif in the dollar agregate, and per recorded : ne Ily. It has grown faster than inflation : 1 -n "Median Faaily Income." Music Copy I voer
comes not only fron Dechanical rovi::ies : hey also set incones from paynents of sect.d. Fr cord makers, including forei CORD: *** in 1 road from American-nade naster record: : je large and growing incones from 17:1:1 H . broadcasting, and in providing 58.
1 2: 21.'. service.
the share of revenues from the sale of recor...
p a pre spanies and other copyright owners such greater t a.
by Congress, but their dollar incases true reart.o you ed very much faster than infla:ion.
the Decade 1963 and 1973
1.9 from foreign
Mechanical royais pals by Sr.JT Bakers
1963 and 1973, the average annual Conser: Pricinde year 1967, rose from 91.7 to 133 I, a iscrease of 251 s, Median Family Income, that level of scom where 10 mmilies have more and 500 have less, and watan 150 lollar inflation and increases aartascan be 65 in 1963 to $12,051 in 19'3, LOCTELS ! 1:1 the laerican music rub::54:28 Indu:.- 1 . I those years! Let us exagine wha! SpeN ! ** ds of Incone that copyright swers serive tone *** owing facts are set forth is !0:0;ts : "