U.K. labels body the BPI has released figures showing that British record companies' secondary revenues -- income generated outside of CD sales and digital music services -- grew by 6.6% to £193.5 million ($305.8 million) in 2009.

Secondary revenues, which comprise of income generated by radio plays, merchandising and TV and film licensing, represented 20.8% of total industry revenues in 2009, up 1% on 2008, according to BPI figures.

Broadcasting and public performance licensing totaled £72.1 million ($114 million) in 2009 and accounted for more than a third of secondary revenues last year.

Licensing revenue generated from the use of music syncs in film, TV, advertising and games grew by 19.6% on 2008 figures to £25.2m ($39.8m) in total, whilst premiums, which are largely made up of income resulting from magazine cover mounted CDs and consumer promotions, also generated income of £1.8m ($2.8m).

Total recorded music industry revenues in 2009 were equally robust, standing at £1,122.3 million ($1,774.8 million), an increase of 2.3% from 2008's final tally of £1,097.2 million (then $1,604 m).

The BPI figures also revealed that artist related income from multiple-rights deals, including live, merch, sponsorship and music sales direct from artist and label websites, grew by 16.7% on 2008 earnings, totaling more that £58.6m ($92.6m).

In a statement, BPI chief executive Geoff Taylor said: "U.K. record companies have responded to tough market conditions by innovating in the digital world and developing new revenue streams from recorded music, beyond their traditional base of CD sales and the encouraging growth in digital a la carte, subscription and streaming services."

He continued, "Music companies continue to face an enormous challenge from illegal downloading, but are responding positively by transforming themselves for the future, identifying new opportunities to generate returns from the massive investments they make -- hundreds of millions of pounds per year -- in U.K. talent."

"The growth in labels' secondary income in 2009, combined with the strong increases in digital revenue already announced, illustrates the outstanding potential of British recorded music if illegal file sharing can be tackled," Taylor went on to say.