Global royalty collections for creators of all repertoires returned to growth in 2021, rising 5.8% to EUR9.6 billion but remaining well below pre-pandemic levels.
Despite a 27.9% rise in digital royalties helped by the growth of subscription streaming, total worldwide collections in 2021 were still 5.3% lower than in 2019.
The result illuminates the disastrous impact of the two-year lockdown on live and public performance income, the potential for further digital growth and the urgent need for actions to unlock more value for creators in the streaming market.
These are among the key highlights of the 2022 Global Collections Report published by CISAC (International Confederation of Societies of Authors and Composers). The report provides comprehensive data and analysis of collections across all repertoires including music, audiovisual, visual arts, literature, and drama.
CISAC Director General Gadi Oron: “After the 10% fall experienced in 2020, our societies’ return to growth last year is an impressive achievement. Bearing in mind that income from live concerts and public venues was largely non-existent, the acceleration of digital licensing by many of our members to offset the decline in other areas is a real success story. The recovery is only half done, though. There is, without a doubt, much more room for growth, and to achieve that, we need to bring more value to creative works in the digital market and promote a fairer ecosystem for creators.”
CISAC President Björn Ulvaeus: “Digital royalties collected by CISAC societies are growing impressively, but the streaming world is still unfinished business when it comes to ensuring a fair environment to earn a living. Too much of the data needed to identify and remunerate creators is incomplete or missing when works are ingested on streaming services. The result is a lot of money that is left on the table when it should be going into creators’ pockets.”
CISAC Board Chair, Marcelo Castello Branco: “We need to see this year not just as a return to normality, but as a bridge to the next phase. In the near term, we face the prospect of economic slowdown ahead and the risks that come with the unusual combination of inflation and recession. Subscription prices are already undervalued and need to be raised, with prices having barely changed since the early days of the streaming model. Fair value and fair terms are essential so as not to compromise the remuneration of rightsholders.”
Download the Key Highlights of the Global Collections Report here.
Download 2021 Market Analysis here. The COVID crisis has transformed the shares of live/public performance and digital.
Download Society case studies: Reporting on how CISAC societies in 8 countries are serving creators and maximising remuneration via technology services, lobbying and licensing.