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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.

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mail now turn to an examination of what has brought about the tre.

reases in lacones of copyright over from recorded masie.

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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.
The .:.25 unes pe: P as :1. uiatoa is ows: 7:505, Enero were 1990%
imate! : nos per pcpu.ar-?. 2!'survey of 13:eading record compan:es.
with 611 of the industry's : : sales indicated that. on the average 139,
à sechanical 0-1.:: 5 :.5«as pa: Sor each popuia: 2
this vou.indicat. that the aie:13% popu, ar ? sad ::.:5 tunes 12 :38.
is gvers* S unner .ag ..rased. For no one egy e

rded
unt. . 5:18.. and in 2 scrie::ce zat was more common in :9: than a
:903. 2:30 a tone zay ze :rcuried a severa: :::erons ?ers.cns 105
OT 9:78.5 of:01. The neare: es recorded in tune ::1c:.on : :?
tunter 3 .tisas. De oorzas ) :.eases oct20.je apes. com
cov. "..er an sesuan:ca. 9v1.::. : o :he 34.

10:1 hos IR *ace, 43 e..

:9: de Jur: t ata, see ..::

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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

6,543

5,!

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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

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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.

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1.2.:

1.

THE HIGH INCOME ENJOYED BY COPYRIGHT OWNERS (Cont'd.)

B.

THE INCOME PROVIDED TO THE MUSIC PUBLISHING INDUSTRY FROM RECORDINGS
HAS GROWN MUCH FASTER THAN INFLATION

The income provided to the music publishing industry by recordings -
peasured in the dollar aggregate, and per recorded tune -- has grown
vesy rapidly. It has grown faster than inflation. It has even om
faster than "Median Family Income." Music copyright owners' income from
recordings cones not only from mechanical royalties paid by U.S. record
sakers. They also get incomes from payments of aechanical royalties by
foreign record makers, including foreign companies that make and sell
records abroad from American-made master recordings. Copyright owners
also receive large and growing incomes from records used in radio and
television broadcasting and in providing back around" usic that is 1
widely sold service.

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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.

1.

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."

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INCOME ENJOYED BY COPYRIGIT ONNERS (Cont'd.)

Exhibit 2

NCOME PROVIDED TO THE MUSIC PUBLISHING INDUSTRY FRON ECO RONN MUCH FASTER THAN INFLATION

INCOME TO COPYRIQIT OWNERS FROM RECORDINGS

1993 versus 1963

Performance

= 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.

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Mechanical
99.a.: re-
ceived fra
iure. rev:
BAOTS

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.

Perfomance

5157

the Decade 1963 and 1973

1.9 from foreign

on makers

Mechanical royais pals by Sr.JT Bakers

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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 : "

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