British Artists Dominate Global Sales
Massive increase in royalties announced
The PRS For Music organisation has released new figures revealing that British artist's earnings from abroad leaped by over £20 million in one year.
Formerly known as the Performing Rights Society, The PRS For Music has compiled a new study revealing a breakdown of royalties owed to British artists from countries around the world.
With the recent domination of the Grammy Awards, where British talent took home more than fifteen awards, much media fervour has greeted the success of the British recording industry and the new study shows just how successful last year really was for homegrown artists.
In 2008 British artists earned £139.6 million from overseas territories, which is an increase of £20 million on last year's total. A series of high profile success stories have helped boost the amount, with success stories such as Coldplay, Duffy and Leona Lewis smashing into charts around the globe.
Coldplay's new album 'Viva La Vida Or Death And All His Friends' hit the pole position on charts in more than 35 countries around the world in its first week of release, and went on to become one of the year's biggest albums.
According to BBC News, four of last year's best selling albums were by British artists. Coldplay have the biggest sales, while Duffy, Leona Lewis and Amy Winehouse all featured in the top ten. Surprisingly, Amy Winehouse hasn't released an album since 2006.
According to the study, the United States is the highest earning territory for UK acts, with Germany and France following after.
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