Global royalties for creators reach record high of €8.6 billion
CISAC’s 2016 Global Collections Report shows strong growth in all regions of the world and provides insight into digital music business, – CISAC official site reports.
Paris, France – 22 November 2016: The International Confederation of Societies of Authors and Composers (CISAC) has released its 2016 Global Collections Report providing insight into the remuneration of creators in the year 2015. This unique publication aggregates financial data from the organisation’s 239 member societies, which represent over four million creators of music, audiovisual works, drama, literature and visual arts in 123 countries. For the first time, the report also consolidates CISAC members’ data with figures from leading music publishers on the digital music business in key markets.
The report shows that total royalties have grown for the third year in a row to €8.6 billion, up 8.9% from 2014 and breaking the €8 billion mark for the first time. Music collections accounted for nearly 90% of this figure (€7.5 billion) and increased 8.5% year on year. Other repertoires also experienced strong growth with audiovisual royalties up 15.1% and royalties for visual art increasing 27.4%.
Collections from digital services jumped 21.4%, representing 7.2% of overall royalties collected around the world. The new edition of CISAC’s Global Collections Report provides in-depth analysis of market trends with a first look at collections by societies and music publishers from digital music platforms in the US, Canada, UK, France, Germany and Sweden.
Key trends:
Global royalty collections in 2015 totalled over €8.6 billion, rising 8.9% from 2014 collections.
By region, Europe continues to lead the world in royalty collections with 58.4% of the total (€5.0 billion), experiencing a year-on-year growth of 3.6%.
By repertoire, music accounts for the vast majority of collections (86.8% of the total). Audiovisual (+15.1%) and Visual Arts (+27.4%) posted strong year-on-year growth.
Collections from digital services jumped 21.4% but account for only 7.2% of total royalties collected worldwide.