Global music collections rise 6% to €8.34bn, digital royalties top €1bn

Global music royalties have grown to €8.3 billion, up 6% according to the 2018 Global Collections Report published by CISAC (International Confederation of Societies of Authors and Composers).

CISAC represents 239 authors’ societies in 121 countries.

Royalties from digital income also topped €1bn for the first time after a 24% increase in 2017 according to the report.

Digital collections are up 166% over the last five years, boosted by music and video streaming services.

Despite digital’s rise for all repertoires to €1.27bn, revenues from digital uses remain far below collections from broadcast, live and background uses.

Only 13% of creators’ royalties come from digital sources (up from 11%).

“This impressive performance proves that authors’ societies are delivering value to the millions of creators they represent around the world.”

Gadi Oron, CISAC

CISAC Director General Gadi Oron (pictured) said: “This impressive performance proves that authors’ societies are delivering value to the millions of creators they represent around the world.

“They have responded to rapidly changing technology, licensing digital services in new flexible ways and handling trillions of data transactions.

“And they are fighting for the best licensing terms and the highest royalties possible in a world where powerful users are determined to avoid, or minimise, paying a fair return for their work”.

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“CISAC is at the heart of a battle for the future of over 4 million creators worldwide.”

Jean-Michel Jarre

CISAC President, electronic music pioneer Jean-Michel Jarre said: “CISAC is at the heart of a battle for the future of over 4 million creators worldwide.

“I am passionately involved in this struggle. Europe has now recognised that it is time for change: it is not acceptable for the law to shield large tech monopolies and sustain a systemic injustice for creators.

“There is now a message to get to the rest of the world: it is time for other governments to sit up and follow”.Music Business Worldwide