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Article: Musicnotes.com Passes $5 Million in Royalties Paid; Continues Drive for New Revenue Stream with Advertising Supported MXTabs.net Guitar Tab Initiative.
- Article from:
- PR Newswire
- Article date:
- July 12, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MADISON, Wis., July 12 /PRNewswire/ -- Musicnotes announced today royalty payments to music publishers and the songwriters they represent recently passed the $5 million mark. In 2007 alone, royalty payments on Musicnotes' digital sheet music downloads should exceed $2 million.
Musicnotes, the worldwide leader in sales of downloadable sheet music, sold its first digital download in late 1999 and will sell its three-millionth download sometime this fall.
During the first half of 2007 downloads at Musicnotes.com increased 40% over the previous year. Musicnotes has sold almost 600,000 sheet music and guitar tablature downloads year-to-date at an average ...