The International Confederation of Societies of Authors and Composers (CISAC) released its 2015 GLOBAL COLLECTIONS REPORT, concerning global royalty collections for the year 2014.
The total royalties collected in 2014 by CISAC’s 230 member societies, on behalf of the four million creators they represent around the world, returned to growth after a stable 2013. They amounted to €7.9 billion, up 2.8% from 2013. Had exchange rates not changed, total royalty collections would have grown 5% year-on-year.
Reflecting its commitment to bringing more information to the market faster, CISAC publishes a second economic report before the end of 2015, taking stock of the royalties collected worldwide by its member societies in the course of the previous year (2014). The first report published by CISAC this year (in February) concerned the figures for 2013.
• Geographically, Europe continues to lead the world in royalty collections.
• In terms of artistic repertoires, music remains the pillar of creators’ income.
• Digital collections show promising signs and form a dynamic springboard for further growth. Totalling over €7.9 billion, the royalties collected globally by CISAC member societies rose again in 2014 (+ 2.8%) following a stable year in 2013.
• Music repertoire continued to generate the bulk of collections (87% of the total) and the royalties collected for music use grew 2.4% year-on-year.
• Other repertoires (audiovisual, drama, literature and visual arts) generated royalties that grew by 5.2%. The two strongest areas of growth were in audiovisual (+5%) and in visual arts (+16.5%).
• Performing Rights collections, which represent 79% of total royalty collections, were up 3.8%.
• Mechanical Reproduction Rights collections continued to decline, down 9% year-on-year.
• Royalties collected from digital & multimedia services (for all repertoires combined) grew 20.2% year-on-year.
• 99% of the amounts collected from digital & multimedia services were for the use of music repertoire.
• Europe, the region generating the most royalties (61.3% of the total, equating to €4.9 billion), posted year-on-year growth of 4.1%, higher than its GDP growth.
• Canada-USA, CISAC’s second largest region with almost 17% of total royalty collections, showed the strongest increase in 2014 (+6.2%).
• The BRICS countries posted growth of 11%, an encouraging trend but slower than the 2013/2012 growth rate (+ 30%). BRICS countries account for 5% of global royalty collections.