MCPS hit hard by poor CD sales

News: 9th July 2012 by Louise Dodgson under Finance, Law & Music Business, Record Labels, Selling & Distributing Your Music

Source: http://www.flickr.com/photos/mulad/285455030/

Whilst the rising revenues of digital music sales have recently been enough to counteract the drop in CD sales, this decline in physical media is not good news for UK collection society MCPS who administrate royalties for the copying of music across physical formats. In fact, it is reported that the MCPS has lost a whopping £101.7 million, a drop of 13%. And on top of losing £2.5 million during 2011, the future does not look set to be rosy for the collection society. Get all the facts & figures via the Billboard article below...