Seven of the world’s largest collective management organizations improved their 2022 collections by an average of 19.4%.
to a record 1.18 billion euros . And Japan’s JASRAC’s collections climbed 10.5% to 129 billion yen .
Those seven CMOs — SACEM, PRS for Music, STIM, SOCAN, ASCAP, GEMA and JASRAC — averaged 19.4% growth in collections and added $1.13 billion in revenue in 2022 . The figures do not consider inflation rates of 6.5% in the United States, 6.8% in Canada and an average of 9.2% in the European Union. The growth isn’t limited to the largest CMOs or even the ones that represent the most online rights around the world.
For the larger European CMOs — PRS for Music, GEMA, SACEM and STIM — some of the growth can be attributed to competition for international online licenses. PRS for Music, GEMA and STIM have a joint venture, ICE, that offers multi-territory licensing to digital services such as Spotify, Apple Music, Instagram and TikTok.
Other parts of CMOs’ businesses struggled. Traditional radio and television continued to face difficulties in 2022 because of growing on-demand options. SGAE stood out with an 18.7% gain in the broadcasting and cable category, but GEMA’s radio collections fell 3.9% to 325.1 million euros . And at STIM, radio’s share of collections fell from 5% in 2021 to 4% in 2022.
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