Original article from: http://www.m-magazine.co.uk/news/global-creator-royalties-enjoy-record-year/
Global royalties for creators have grown for the third consecutive year to hit a new high of €8.6 billion (£7.35bn), a new report has revealed.
The figure represented an 8.9 percent rise from 2014 collections with music royalties accounting for almost 90 percent of this figure (€7.5 billion) and increasing 8.5 percent year-on-year.
The statistics were revealed in the International Confederation of Societies of Authors and Composers’ (CISAC) 2016 Global Collections Report, providing insight into the remuneration of creators in 2015.
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.
Collections from digital services jumped 21.4 percent, representing 7.2 percent of overall royalties collected around the world. The new edition of CISAC’s 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.
Jean-Michel Jarre, CISAC president and electronic music pioneer, said: ‘In 2015, CISAC member organisations collected over €8.6bn, an all-time high in the history of the confederation.
‘Such a positive report matters a lot to creators worldwide. Like everyone else, we rely on the health of the economy. However, unlike others, we truly depend on our societies to collect our royalties so that we can continue creating. We need effective systems that capture the value of our works and require those who benefit from them to pay us fairly. The positive health of the creative industries and the ability of creators to make a living from their work is of vital importance to culture as well as to the economy.’
The new CISAC report includes a special focus on the online market and, for the first time, provides analysis by industry expert Susan Butler on the digital music business. It brings consolidated data from societies and music publishers in six key markets (US, Canada, UK, France, Germany and Sweden) on collections from ad-supported digital audio and video platforms, subscription digital audio services and paid download services.
The report shows that subscription services is the prevailing model in terms of royalties paid to creators and music publishers in the US, UK, France and Sweden, while download services dominate digital income in Germany and Canada. Ad-supported services pay creators significantly less than other business models for online music, in all key markets.
Visit the CISAC website to read the full report.
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