Malaysia’s music industry hits record revenue of RM303.89 Million in 2023

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Argentina Noticias Noticias

Argentina Últimas Noticias,Argentina Titulares

PETALING JAYA: Local music industry achieved a historic revenue of RM303.89 million in 2023, marking the highest income ever recorded, surpassing the ...

: Local music industry achieved a historic revenue of RM303.89 million in 2023, marking the highest income ever recorded, surpassing the previous record of RM300 million set in 1998., there is a 57% increase over the last three years, was driven by a 53% rise in digital sales and a 70% surge in collections by Collective Management Organizations such as Public Performers Malaysia , Music Copyright Protection Body Berhad , and Recording Performers Malaysia Berhad .

Recording Music Industry Association of Malaysia chairman Rosmin Hashim said the industry relies on royalties from recordings and the copyright protection needs to be extended from 50 years to at least 70 years. “This includes 17 of the top 20 music markets in the world which also includes some of Malaysia’s main trading partners such as Singapore, the United States and Japan,“ he said at the 2024 Music Industry Mercy Donation Ceremony organised by RIM and PPM, recently.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 25. in AR
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Islamic capital market grows 4.5pc y-o-y to RM2.43t as of end-2023KUALA LUMPUR, March 25 — The Islamic Capital Market (ICM), demonstrating steady growth, expanded by 4.5 per cent year-on-year (y-o-y) from RM2.32 trillion in 2022 to RM2.43...
Fuente: malaymail - 🏆 1. / 86 Leer más »