Mechanical Royalties Have Increased SECOND, largely because of recording industry innovations such as Total royalty payments received by publishing companies In addition, royalty payments to publishing companies and masters. When incomes of publishing companies from recordings are 8 Mechanical Royalties Outpace Inflation and Median Family Income THIRD, as shown in Exhibit D, Royalty payments to publishing companies by record makers (a) the Consumer Price Index and (b) Median Family Income. Expressed in index numbers, the Consumer Price Index Mechanical royalty payments by the U.S. recording industry 10 |