CISAC Releases 2015 Global Collections Report
Performing rights reach an all-time high of €6bn on stable royalty collections worldwide
The International Confederation of Societies of Authors and Composers (CISAC) released its 2015 Global Collections Report, revealing that, against a backdrop of continued economic uncertainty, total royalties collected in the year 2013 on behalf of over three million creators worldwide remained stable at €7.8bn.
Excluding the impact of foreign exchange, royalty collections increased 4.6% when measured in constant Euros, but currency fluctuations meant that collections decreased ever so slightly (-0.8%) when measured in current Euros.
Commenting on the report's findings, Gadi Oron, Director General of CISAC, said "In 2013, CISAC member societies proved once again the importance of collective management of rights for creators around the world. Despite challenging economic conditions in many markets, total royalties collected by CISAC members remained stable. Excluding the impact of foreign exchange, the underlying growth trend of +4.6% in global collections is very encouraging for the future of the creative industries globally. Other positive reports include a jump of 17% in royalty collections in the Latin America & Caribbean region and a sharp increase of 8% in collections for audiovisual repertoire. The BRICS markets continue to show great promise leaping 30% over the previous year. These countries still have a huge untapped potential, with a mere €0.12 of collections per capita as compared to the €1.30 world average."
Royalty collections from digital services are still relatively underdeveloped for authors. Despite growing 25% year-on-year and reaching €380 million in 2013, they still represent only 5% of the total royalties collected by CISAC societies around the world. Commenting on these findings, Gadi Oron added:
"Royalty collections from digital services sharply increased in 2013 and we are extremely pleased with this result. Yet, they are still low and the potential for further growth is significant. In a world that is becoming increasingly digital, it remains a key priority for CISAC members to ensure that creators around the world receive a more equitable share in the online market."
CISAC Releases 2015 Global Collections Report Highlights:
* Total royalties collected in 2013 on behalf of creators worldwide remained constant at €7.8bn
* Performing rights collections grew 2.4%, breaking the €6bn mark for the first time
* This increase in performing rights only partially offsets the decline in reproduction rights (-13% in 2013)
* Digital royalties grew 25% but still represent only 5% of total collections worldwide
* Music repertoire accounts for the majority of royalty collections (87% of total)
* Audiovisual royalties saw a significant jump, up 8% from the previous year
* Europe remains the largest geographic region for collections, accounting for 60.6% of total royalties with year-on-year growth of 2.3%
* BRICS countries grew 30% and now generate €1m per day, but still have much lower collections per head of population (€0.12) than the world average (€1.30 per head)
Related News from Mi2N:
» CISAC Releases 2015 Global Collections Report
follow MusicDish on