Chrysalis benefits from commercials
Friday 20 August 2010
The music publisher Chrysalis saw a rise in its third-quarter revenue figures thanks to the use of its songs in commercials for Halifax bank and Apple's iPad.
The company, whose back catalogue includes tracks by David Bowie and Michael Jackson, also benefited from a No 1 album by Australian band Pendulum and the use of work by two of its writers in Kylie Minogue's latest album.
The industry measure of net publisher's share – revenues received less the royalties paid to writers and performers – increased by 5.2 per cent in the third quarter to 30 June, up from 1.6 per cent at the half-year stage.
Chrysalis hopes to make further gains in the rest of the year as its release schedule includes a new album from Ray LaMontagne, God Willin' & The Creek Don't Rise, and the recently released Sheryl Crow album 100 Miles from Memphis.
The use of songs from its catalogue included Rapture by Blondie in Sex and the City 2, as well as Gold Lion by the Yeah Yeah Yeahs in the Apple iPad commercial and Lucky You by the The Lightning Seeds in the latest Halifax campaign.
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