TOKYO — The Japan Society for the Rights of Authors, Composers and Publishers (Jasrac), the country’s largest rights org, collected $1.2 billion in rights’ fees last year, down 2.4% on 2007.
Rights fees increased for broadcasting and DVD but decreased for music CDs and concerts, the org said on Wednesday.
Jasrac prexy Mamoru Kato said the “accumulating changes in economic conditions” underlie the slide in revenues.
Looking ahead, he said that broadcasting rights fees were likely to stagnate in the poor economy. “They won’t fall into minus territory, but it will be a near thing,” he added.
In the music biz, negative factors, including the shuttering of karaoke bars and cuts in music used in ads, will overwhelm any positives, including higher fees collected from the iTunes Store, sending music fee revenues down further, Kato noted.