Worldwide royalty collections for creators of music, audiovisual, visual arts, drama and literature reached a record €9.65 billion in 2018 ($10.74 billion), according to the 2019 Global Collections…
Worldwide royalty collections for creators of music, audiovisual, visual arts, drama and literature reached a record €9.65 billion in 2018 , according to the 2019 Global Collections Report published today by. The organization represents 232 member societies in 120 countries, totaling more than 4 million creators from artistic repertoires including music, audiovisual, drama, literature and visual arts.
Global collections for music repertoire, accounting for the majority of the total, rose 1.8% to €8.5 billion , driven by a 29.6% growth in digital income and the continuing surge in subscription streaming revenues. Music royalties from digital sources jumped 30% to €1.64 billion, thanks to rapid global expansion of music and subscription video on-demand services. In the last five years, creators’ digital income has nearly tripled to €1.
Overall, the fastest digital growth among the top 20 markets over five years was seen in Brazil , Mexico , France, , China and the U.S. .said: “This report provides many reasons for optimism about our sector. Digital revenues show an impressive increase, have nearly tripled in the last five years and have enormous potential for further growth. More markets are seeing digital income taking the top position of all revenue streams, which is an extremely positive sign.
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