CISAC (International Confederation of Societies of Authors and Composers) have announced that global royalty collections for creators reached a historical high point of EUR12.1 billion in 2022, growing by a record 26.7% in a full recovery from the pandemic.
Collections are now 19.8% higher than their pre-pandemic level, driven by continued strong growth in digital income and a recovery in live and public performance.
Digital collections, boosted by continued growth of streaming and subscription, rose to EUR4.2 billion. Digital income has doubled since the pre-COVID level of 2019 and is now, for the first time, creators’ biggest income stream, overtaking TV and radio, with 35% of total collections.
These are some of the key takeaways of the 2023 Global Collections Report published by CISAC. The report provides comprehensive data and analysis of collections across all repertoires including music, audiovisual, visual arts, literature, and drama.
Download Key Highlights and the full Report here.