CISAC’s latest Global Collections Report, published today, has recorded a 2.4 percent rise in music royalty collections in 2014 to €6.9bn.
Royalties from performing rights, which represent 79 percent of the total, were up 3.8 percent to €6.2bn, while the value of mechanical rights continued to decline, falling nine percent to €1.2bn.
Digital and multimedia collections were up 20.2 percent to €512m – but still only represent 7.4 percent of total music royalties, the report found.
Gadi Oron, CISAC director-general, told M: ‘We are very happy with the figures, which represent strong growth for creators… However, at the end of the day, creators are the weakest link in the digital market – even though they are also the most important link.
'There’s been more than 20 percent year-on-year growth in the digital market – but it still brings us to 7.4 percent of overall royalties, which is clearly not a lot.
‘A key problem I’m seeing in Europe today is the legislative framework, which needs to be clarified and updated so any digital service provider that commercially benefits from creative content pays – and pays adequate remuneration to creators.
‘I don’t think that’s happening today. The biggest challenge is to create an environment where creators get what they deserve from digital services.’
Oron pointed to promising copyright reforms in Europe which could clarify current legal grey areas. ‘It’s good that the European Commission is looking at the market. It’s a good opportunity to fix what’s wrong. The future of the digital market for creators depends on their ability to get proper remuneration,’ he said.
CISAC’s latest report found that music generates the lion’s share (87 percent) of global collections, far ahead of audiovisual (6.3 percent), drama (2.5 percent), literature (2.4 percent) and the visual arts (1.8 percent).
Within performing right collections, TV and radio generated €3.2bn, up 2.2 percent on 2013, remaining by far the largest revenue stream for music creators.
Live and public performance were next on €2.2 billion, up 0.8 percent on 2013.
Geographically, Europe generates 61.3 percent of total royalties, equating to €4.9bn in 2014 – higher than the region’s 4.1 percent GDP growth over the same period.
Oron said: ‘I think the opportunities for creators are huge. In Europe – a mature market with collecting societies in almost every country – we’re still seeing healthy growth rates and that’s very promising. There is still huge potential there – and I believe this potential can be found in the digital market.’
Canada-USA, CISAC’s second largest region, delivered almost 17 percent of total royalty collections, up 6.2 percent on 2013.
Elsewhere, the BRICS countries posted growth of 11 percent, representing a slowing on 2012 and 2013’s growth rates of over 30 percent. BRICS countries now account for five percent of global royalty collections.
For the full report, visit http://www.cisac.org/Newsroom/News-Releases/CISAC-publishes-new-Global-Collections-Report
Click here to read the full interview with Gadi Oron.
Royalties from performing rights, which represent 79 percent of the total, were up 3.8 percent to €6.2bn, while the value of mechanical rights continued to decline, falling nine percent to €1.2bn.
Digital and multimedia collections were up 20.2 percent to €512m – but still only represent 7.4 percent of total music royalties, the report found.
Gadi Oron, CISAC director-general, told M: ‘We are very happy with the figures, which represent strong growth for creators… However, at the end of the day, creators are the weakest link in the digital market – even though they are also the most important link.
'There’s been more than 20 percent year-on-year growth in the digital market – but it still brings us to 7.4 percent of overall royalties, which is clearly not a lot.
‘A key problem I’m seeing in Europe today is the legislative framework, which needs to be clarified and updated so any digital service provider that commercially benefits from creative content pays – and pays adequate remuneration to creators.
‘I don’t think that’s happening today. The biggest challenge is to create an environment where creators get what they deserve from digital services.’
Oron pointed to promising copyright reforms in Europe which could clarify current legal grey areas. ‘It’s good that the European Commission is looking at the market. It’s a good opportunity to fix what’s wrong. The future of the digital market for creators depends on their ability to get proper remuneration,’ he said.
CISAC’s latest report found that music generates the lion’s share (87 percent) of global collections, far ahead of audiovisual (6.3 percent), drama (2.5 percent), literature (2.4 percent) and the visual arts (1.8 percent).
Within performing right collections, TV and radio generated €3.2bn, up 2.2 percent on 2013, remaining by far the largest revenue stream for music creators.
Live and public performance were next on €2.2 billion, up 0.8 percent on 2013.
Geographically, Europe generates 61.3 percent of total royalties, equating to €4.9bn in 2014 – higher than the region’s 4.1 percent GDP growth over the same period.
Oron said: ‘I think the opportunities for creators are huge. In Europe – a mature market with collecting societies in almost every country – we’re still seeing healthy growth rates and that’s very promising. There is still huge potential there – and I believe this potential can be found in the digital market.’
Canada-USA, CISAC’s second largest region, delivered almost 17 percent of total royalty collections, up 6.2 percent on 2013.
Elsewhere, the BRICS countries posted growth of 11 percent, representing a slowing on 2012 and 2013’s growth rates of over 30 percent. BRICS countries now account for five percent of global royalty collections.
For the full report, visit http://www.cisac.org/Newsroom/News-Releases/CISAC-publishes-new-Global-Collections-Report
Click here to read the full interview with Gadi Oron.
