In a report released today (Tuesday), CISAC reports that overall royalty collections remained constant at €7.8bn in 2013, while performing royalties grew by 2.4 percent that year to break the six billion barrier.
However, the growth in performing royalties only partially offset the decline in mechanical and reproduction rights, which fell by 13 percent.
In the online space, CISAC reports that digital royalties grew by 25 percent from 2012 to 2013, but still only represent five percent of total royalty collections worldwide.
Europe remains the largest geographic region for royalty collections, accounting for 60.6 percent, with a year-on-year growth of 2.3 percent.
Gadi Oron, director general of CISAC, said: ‘In 2013, CISAC member societies proved once again the importance of collective management of rights for creators around the world. Despite challenging economic conditions in many markets, total royalties collected by CISAC members remained stable.
‘Royalty collections from digital services sharply increased in 2013 and we are extremely pleased with this result. Yet, they are still low and the potential for further growth is significant,’ he added.
‘In a world that is becoming increasingly digital, it remains a key priority for CISAC members to ensure that creators around the world receive a more equitable share in the online market.’
Excluding the impact of foreign exchange, CISAC reports an underlying growth trend of 4.6 percent in global royalty collections.
Oron continued: ‘Other positive reports include a jump of 17 percent in royalty collections in the Latin America and Caribbean region and a sharp increase of eight percent in collections for audiovisual repertoire.
‘The BRICS markets continue to show great promise leaping 30 percent over the previous year. These countries still have a huge untapped potential, with a mere €0.12 of collections per capita as compared to the €1.30 world average.’
However, the growth in performing royalties only partially offset the decline in mechanical and reproduction rights, which fell by 13 percent.
In the online space, CISAC reports that digital royalties grew by 25 percent from 2012 to 2013, but still only represent five percent of total royalty collections worldwide.
Europe remains the largest geographic region for royalty collections, accounting for 60.6 percent, with a year-on-year growth of 2.3 percent.
Gadi Oron, director general of CISAC, said: ‘In 2013, CISAC member societies proved once again the importance of collective management of rights for creators around the world. Despite challenging economic conditions in many markets, total royalties collected by CISAC members remained stable.
‘Royalty collections from digital services sharply increased in 2013 and we are extremely pleased with this result. Yet, they are still low and the potential for further growth is significant,’ he added.
‘In a world that is becoming increasingly digital, it remains a key priority for CISAC members to ensure that creators around the world receive a more equitable share in the online market.’
Excluding the impact of foreign exchange, CISAC reports an underlying growth trend of 4.6 percent in global royalty collections.
Oron continued: ‘Other positive reports include a jump of 17 percent in royalty collections in the Latin America and Caribbean region and a sharp increase of eight percent in collections for audiovisual repertoire.
‘The BRICS markets continue to show great promise leaping 30 percent over the previous year. These countries still have a huge untapped potential, with a mere €0.12 of collections per capita as compared to the €1.30 world average.’
