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CISAC’s 2018 Worldwide Music Collections Hit a Record $9.4 Billion

Worldwide royalty collections for creators of music, audiovisual, visual arts, drama and literature reached a record €9.65 billion in 2018 ($10.74 billion), according to the 2019 Global Collections Report published today by CISAC (the International Confederation of Societies of Authors and Composers). The organization represents 232 member societies in 120 countries, totaling more than 4 million creators from artistic repertoires including music, audiovisual, drama, literature and visual arts.

According to the report, royalties from digital sources jumped 29% to €1.64 billion, a growth it attributes to rapid global expansion of music and subscription video on-demand services. In the last five years, creators’ digital income has nearly tripled, now accounting for 17% of collections compared to 7.5% in 2014. The increase in major markets’ digital collections – notably the United States, France and Japan – are the biggest drivers of global growth. This growth is helped by new and extended licensing deals between societies and digital platforms, from dedicated content services like Spotify to social media platforms such as Facebook and video on demand platforms such as Netflix and Amazon.

Global collections for music repertoire, accounting for the majority of the total, rose 1.8% to €8.5 billion ($9.41 billion), driven by a 29.6% growth in digital income and the continuing surge in subscription streaming revenues. Music royalties from digital sources jumped 30% to €1.64 billion, thanks to rapid global expansion of music and subscription video on-demand  services. In the last five years, creators’ digital income has nearly tripled to €1.6 billion, now accounting for 19% of collections compared to 15% in 2017. The report also notes that three years ago there no top 20 markets with digital as the primary music collections source, whereas in 2018 there were five, topped by Mexico, where digital accounts for nearly half the

Article source: https://variety.com/2019/music/news/cisacs-2018-worldwide-music-collections-hit-a-record-9-4-billion-1203395752/

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