CISAC Global Economic Survey Shows Growth

The International Confederation of Societies of Authors and Composers (CISAC) has released the results of its annual Global Economic Survey for 2010. The survey was based on data provided by CISAC members totaling 232 societies in 121 countries.

The findings reveal that gross royalty collections climbed €7.5 billion, a 5.5% increase from the 2009 totals. This marks a second year of growth for collections, as 2009 saw a rise of 1.7% over the previous year.

“These positive results show the solidity and efficiency of the international network of authors’ societies represented by CISAC,” said the confederation’s Director General Olivier Hinnewinkel. “Here is proof that collective management is the solution for today and tomorrow, generating wealth for creators while withstanding economic changes and supporting digital music markets.”

The data also shows that public performance royalty is still the bread and butter for creators and publishers, as it comprised 73% of collections or €5.5 billion. Radio and TV performance made up the predominant source of public performances at 56%, followed by the phonographic industry at 23.4%. Digital collection is still small on a global basis but is a growth area having accounted for 1.7% of public performances.

“IFPI recently reported that major international digital music services such as iTunes, Spotify and Deezer are now present in 58 countries,” said Mr Hinnewinkel, “compared to only 23 at the start of 2011. CISAC members are now well placed to develop this market as it expands.”

Comments

Powered by Facebook Comments

Follow MusicRow on Twitter

Category: Featured, Organizations, Publishing

About the Author



View Author Profile