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Business News Labels & Publishers
Chrysalis benefit from Jacko, hope to benefit from Robbie too
By CMU Editorial | Published on Monday 17 August 2009
UK-based music publisher Chrysalis saw it’s net publishers’ share – so the money it makes from the songs in which it has an interest after songwriters and the like have been paid their share – fall 2.7% in the last quarter, year on year, though bosses there say that much of that was down to currency fluctuations, and that for the year so far the company’s NPS is 9.9% up.
Chrysalis has interests in a few Michael Jackson songs, in particular ‘Thriller’ and ‘Rock With You’, so they have benefited from the recent surge of interest in the late king of pop’s music since his sudden death, though a spokesman for the publisher was keen to play down the morbidness of their Jacko-related income, pointing out they expected to see an increase in interest in Jackson’s music anyway because of the planned O2 residency.
Looking forward, Chrysalis have some songwriters involved in the new Robbie Williams album, and seem to be hopeful that that could result in a healthy payday assuming, as they seem to be, that Robbie’s return is a big success.
