According to CISAC’s latest Global Collections Report, revenues collected by music collecting societies worldwide increased by 7.2% to 8.48 billion euros last year, following a decline as a result of Covid-19 in 2020.
However, with live music still very much restricted in 2021, total collections were 5.1% down compared to pre-pandemic levels.
CISAC director general Gadi Oron said: “After the 10% fall [across all repertoire] experienced in 2020, our societies’ return to growth last year is an impressive achievement. Bearing in mind that income from live concerts and public venues was largely non-existent, the acceleration of digital licensing by many of our members to offset the decline in other areas is a real success story. The recovery is only half done, though. There is, without a doubt, much more room for growth, and to achieve that, we need to bring more value to creative works in the digital market and promote a fairer ecosystem for creators.”
The US was the biggest global market for royalty collections at just over €2bn (23.6% of the total), followed by France, Japan, and the UK.