There were three sectors that performed particularly well – music licences, TV and radio syncs, and streaming, which earned €340.6m, €287.3m and €44.8m respectively.
The society said it was able to substantially increase its streaming revenues from €26.4 in 2013 to €287.3m in 2014 through new contracts with various digital music services.
Elsewhere, the society said it had reduced costs by 0.5 percent to 15.4 percent (15.9 percent in 2013).
However, Billboard reported that many rightsholders are unhappy with digital royalty splits between record companies, publishers and songwriters.
Dr. Rolf Budde, president of the German Music Publishers Association (DMV) and member of the GEMA advisory board told the publication: ‘Publishers are decidedly uncomfortable with the fact that the holders of master rights are receiving more than fifteen times the amount that authors and music publishers are given.
‘The massive imbalance between the payouts, which Spotify and its peers issue to labels on the one hand, and to authors and publishers on the other, is horrific.
‘Considering that, following a slump in CD sales, the download market, which has so far been relatively stable, is now also sagging, it is even more important for this disparity to be addressed.’
The society said it was able to substantially increase its streaming revenues from €26.4 in 2013 to €287.3m in 2014 through new contracts with various digital music services.
Elsewhere, the society said it had reduced costs by 0.5 percent to 15.4 percent (15.9 percent in 2013).
However, Billboard reported that many rightsholders are unhappy with digital royalty splits between record companies, publishers and songwriters.
Dr. Rolf Budde, president of the German Music Publishers Association (DMV) and member of the GEMA advisory board told the publication: ‘Publishers are decidedly uncomfortable with the fact that the holders of master rights are receiving more than fifteen times the amount that authors and music publishers are given.
‘The massive imbalance between the payouts, which Spotify and its peers issue to labels on the one hand, and to authors and publishers on the other, is horrific.
‘Considering that, following a slump in CD sales, the download market, which has so far been relatively stable, is now also sagging, it is even more important for this disparity to be addressed.’
