PARIS--(BUSINESS WIRE)--The International Confederation of Societies of Authors and Composers (CISAC) has released its 2016 Global Collections Report providing insight into the remuneration of creators in the year 2015. This unique publication aggregates financial data from the organisation’s 239 member societies, which represent over four million creators of music, audiovisual works, drama, literature and visual arts in 123 countries. For the first time, the report also consolidates figures from leading music publishers on the digital music business in key markets.
The report shows that total royalties have grown for the third year in a row to €8.6 billion, up 8.9% from 2014 and breaking the €8 billion mark for the first time. Music collections accounted for nearly 90% of this figure (€7.5 billion) and increased 8.5% year on year. Other repertoires also experienced strong growth with audiovisual royalties up 15.1% and royalties for visual art increasing 27.4%.
CISAC President and electronic music pioneer Jean-Michel Jarre said:
“In 2015, CISAC member organisations collected over €8.6 billion, 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”.
Key trends:
- By region, Europe continues to lead the world in royalty collections with 58.4% of the total (€5.0 billion), experiencing a year-on-year growth of 3.6%.
- By repertoire, music accounts for the vast majority of collections (86.8% of the total). Audiovisual (+15.1%) and Visual Arts (+27.4%) posted strong year-on-year growth.
- Collections from digital services jumped 21.4% but account for only 7.2% of total royalties collected worldwide.
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