advertisement
FYI

CISAC Reports 10.7% Decline In Global Music Collections

Worldwide royalty collections for originators of music, audiovisual, art, drama and literary works fell by 9.9% in 2020, with losses amounting to more than US1.4 billion as a result of the global p

CISAC Reports 10.7% Decline In Global Music Collections

By External Source

Worldwide royalty collections for originators of music, audiovisual, art, drama and literary works fell by 9.9% in 2020, with losses amounting to more than US1.4 billion as a result of the global pandemic.


Total collections fell to nearly $12.7B as lockdown measures saw live and public performance revenue nearly halve across the world, according to the latest annual Global Collections Report published by CISAC (International Confederation of Societies of Authors and Composers).

The decline was partly mitigated by a strong rise in digital royalties, reflecting the sharp increase in audio and video streaming consumption worldwide and strong licensing activity by many of CISAC’s member societies around the world.

advertisement

Key trends reported include:

  • Live and public performance fell 45% to approximately $2.2B, with live concert revenue down by an estimated 55%

  • Digital collections rose 16.6% to $3.3B

  • TV and radio broadcast, creators’ largest income source, fell 4.3% to $5.1B

  • Music collections, comprising 88% of the total, declined 10.7% to $11.25B.

advertisement
Luminate Data Market Watch Facts & Figures: Week Ending Apr. 4, 2024
FYI

Luminate Data Market Watch Facts & Figures: Week Ending Apr. 4, 2024

Here is this week's Luminate Data Market Watch report which features Canadian music stats for the current week and year-to-date comparisons to last year.

Here is this week's Luminate Data Market Watch report which features Canadian music stats for the current week and YTD with comparisons to last year. This chart is published every Tuesday. The abbreviation "TEA" is a term used to describe the sale of music downloads or singles. A track equivalent album is equal to 10 tracks, or 10 songs.


advertisement