Digital music licensing revenues top radio for first time in U.K.

Spotify iTunes Digital Music Licensing Revenues

New licensing agreements with Google Play, Microsoft (MSFT) and other services helped musicians generate more royalties in the U.K. from digital music services than radio for the first time last year, The Guardian reported. Songwriters earned a total of £51.7 million in the U.K. (roughly $77.7 million USD) in digital royalties, an increase of 32.2% from £39.1 million in 2011. Digital music services are now the single biggest source of income for musicians in the U.K., surpassing radio and live events. Online licensing revenues have doubled in the county since the arrival of download and streaming services such as Apple’s (AAPL) iTunes Store and Spotify in 2008.

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